QUESTION $29$

Penguin Random House purchased its printer for $$70,000$ with a useful life of printing $100,000$ pages. In the first year, the publisher

printed $50,000$ pages.

a$.$ Calculate its depreciation expense using the units$-$of$-$production depreciation method. $(6$ points$).$

b$.$ Record depreciation expense in the form of journal entries. Be sure to include debit and credit, the account name, and

amounts to receive full credits. $(4$ points$).$