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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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