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Morgana Film Productions Inc. purchased a copier on Jan 1 , 2 0 2 2 for $ 1 3 , 7 0 0 with a

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 12 Points
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.)
 

 
 
Requirement: Using the Straight-Line 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
This Excel Worksheet was created by Amy Bohrer, CPA and is licensed under a Creative Commons Attribution 4.0 International License.

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