XYZ Corporation purchased a new computer server for $78,000 from Dell. Dell added 7% sales taxes and shipping costs of $2,000. XYZ information technology employees spent 100 hours installing and testing the new server. Average wages for XYZ information technology employees are $50 per hour. XYZ estimates the server has a useful life and $5,000 residual value. XYZ uses double-declining balance deprecation method for computer equipment. The server was placed in service on April 1, 2014. XYZ fiscal year ends on December 31. USEFUL LIFE OF 4YEARS.

What is recorded as computer asset? ____________________________________

What is the depreciation expense for 2014? _______________