Question
Graphics Service Co. purchased a new color copier at the beginning of 2014 for $47,000. The copier is expected to have a five-year useful life
Graphics Service Co. purchased a new color copier at the beginning of 2014 for $47,000. The copier is expected to have a five-year useful life and a $7,000 salvage value. The expected copy production was estimated at 2,000,000 copies.
Actual copy production for the five years was as follows: 2014 560,000 2015 490,000 2016 430,000 2017 350,000 2018 210,000 Total 2,040,000
The copier was sold at the end of 2018 for $7,600
. Compute the depreciation expense for each of the five years, using units-of-production depreciation. (Round cost per unit to three decimal places.)
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