Problem # 1 A civil engineering firm purchases a 3-D printer for use in constructing models of landscapes for analysis. The printer costs $15,000. The useful life of the printer is 10 years at which time it can be sold for $750. The engineering firm decides to use straight-line depreciation to determine the value of the printer. Answer the following questions. Round all answers to the hundredth place. What is the total depreciation for the printer? What is the annual depreciation expense for the printer? What is the straight-line depreciation rate for the printer? Problem #12 A sight-seeing company buys a passenger van to take customers on excursions. The cost of the van is $57,000. The expected useful life of the van is 12 years after which it can be sold for $2,000. The company uses the straight-line depreciation method to keep up with the value of its equipment. Answer the following questions. Round all answers to the hundredth place. What is the total depreciation for the van? What is the annual depreciation expense for the van? What is the straight-line depreciation rate for the van? Problem #13 A bank decides to purchase a new computer server for $9,900. The expected useful life of the server is $ years, after which it can be sold for 3800. The bank purchases the server on July 1, 2022 The bank uses straight-like depreciation to determine the value of all equipment and intends to use proportional depreciation for the year 2022 1 Calculate the arial depreciation expense for the server 2. Calculate the proportional depreciation for 2022 T 3 Kee the mazal depreciation expense and the proportional depreci plete the following table Initial Cost: $2,480 Depreciation Carrying Value July 1-Dec. 31, 2022 2023-2024 2024-2025 2025-2026 2026-2027