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Graphics Service Co. purchased a new color copier at the beginning of 2014 for $39,970. 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 $39,970. The copier is expected to have a five-year useful life and a $6,400 salvage value. The expected copy production was estimated at 2,000,000 copies. Actual copy production for the five years was as follows:
2014: 548,500
2015: 481,000
2016: 384,500
2017: 393,300
2018: 239,000
Total 2,046,300
The copier was sold at the end of 2018 for $6,900.
10.00 points Required b. Compute the depreciation expense for each of the five years, using units-of-production depreciation (Round intermediate calculations to 3 decimal places. Round your final answers to nearest dollar amount.) Units-of- Production 2014 2015 2016 2017 2018 9,325 8,177 6,537 6,686
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