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Morgana Film Productions Inc. purchased a copier on Jan 1, 2021 for $11,900 with a residual value of $1300. Useful life is 5 years or

Morgana Film Productions Inc. purchased a copier on Jan 1, 2021 for $11,900 with a residual value of $1300.

Useful life is 5 years or 100,000 copies

Copies produced in 2021: 16000 copies; in 2022: 15,000 copies

Using the Double Declining Balance Method, calculate:

a) The Depreciation Expense in 2021 & 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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