Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $10,900 with a residual value of $1100.

Useful life is 5 years or 100,000 copies

Copies produced in 2011: 12000 copies; in 2012: 11,000 copies

Using the Straight Line Method, calculate:

a) The Depreciation Expense in 2011 & 2012

$ in 2011 $ in 2012

b) Accumulated depreciation at the end of 2012

$

c) Book value at the end of 2012

$