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Morgana Film Productions Inc. purchased a copier on Jan 1, 2021 for $13,000 with a residual value of $1200. Useful life is 5 years
Morgana Film Productions Inc. purchased a copier on Jan 1, 2021 for $13,000 with a residual value of $1200. Useful life is 5 years or 100,000 copies Copies produced in 2021: 13000 copies; in 2012: 16,000 copies Using the Double Declining Balance Method, calculate: a) The Depreciation Expense in 2011 & 2022 $ $ in 2021 in 2022 b) Accumulated depreciation at the end of 2022 $ c) Book value at the end of 2022 $
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