Morgana Film Productions Inc. purchased a copier on Jan $1,2022$ for $$13,700$ with a residual value of $$1300.$

Useful life is $5$ years or $100,000$ copies

Copies produced in $2022$: $12000$ copies; in $2023$: $11,000$ copies

If you find yourself getting stuck trying to complete this problem here is a link to a video of me solving a very similar problem. $($Ignore any part that refers to My Open Math as these problems are now being done in these Excel spreadsheets.$)$

Depreciation $-$ Double Declining Balance Method

mo$/$Example $-$ YouTube Video

Requirement: Using the Double Declining Balance Method, calculate:

a$)$ The Depreciation Expense in $2022$&$2023$

Depreciation Expense for $2022$

Depreciation Expense for $2023$

b$)$ Accumulated Depreciation at the end of $2023$

Accumulated Depreciation at the end of $2023$

c$)$ Book Value at the end of $2023$:

Book Value at the end of $2023$