Timed Test Question 1 -- / 15 1. On January 1, 2008 Opko Printing Company purchased a new printing press for $80,000 with an estimated residual value of $8,000. It depreciates the press over a five year period using the declining balance method of depreciation. (a) The depreciation expense for Dec. 31 2012 is 1 None of the above $ 6,912 $ 19,200 @ $ 11,520 $ 2,368