Question
Graphics Service Co. purchased a new color copier at the beginning of 2014 for $35,740. 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 $35,740. The copier is expected to have a five-year useful life and a $6,330 salvage value. The expected copy production was estimated at 2,000,000 copies. Actual copy production for the five years was as follows: |
2014 | 553,300 |
2015 | 475,700 |
2016 | 382,600 |
2017 | 389,500 |
2018 | 239,800 |
Total | 2,040,900 |
The copier was sold at the end of 2018 for $6,480.
Compute the depreciation expense for each of the five years, using double-declining-balance depreciation. (Round your intermediate calculations and final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required.)
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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 | ? |
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