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O brian service company purchased a copier on January 1, 2015 for $17000 and paid an aditional 300 for delivery charges. The copier was estimated
O brian service company purchased a copier on January 1, 2015 for $17000 and paid an aditional 300 for delivery charges. The copier was estimated to have life of four yrs or 800,000 copies. Salvage value was estimated at 1200. Copies printed are 200,000; 300,000; 200000, and 100000 respectively for 2015,2016, 2017, and 2018.
Please do the Double declining balance, I did the rest.
A) O Brian Service ompany purchased a copier om ry 1 2015 So 5 170onad paid an additional $ 3,000 for delivery charges. The copie wa eesis p of four years or 809,000 copies. Salvage value was estimaned at are 200,000, 300,000, 200,000 and 100,000 respectively $1.200 Copies printed respectively Sor 2015, 2016, 2017 and 2os Required: amount of depreciation expenses for the copier for calendar years 2015 2016, 2017 and 2018, using the following methods (a) Straight-line (b) Double -declining- balance. (c) Units-of-production (a) Straight-line 3) Total Cost of Asset Calcul (6) (a) Double-declining- balance. Normal Rate- Double Declining Rate- Amount Calculation Year 2015 2016 2017 2018Step by Step Solution
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