2023 Clearcopy a printing company acquired a new press on January 1 2009 The press cost 171 600 and had | Assignments Online
2023 Clearcopy a printing company acquired a new press on January 1 2009 The press cost 171 600 and had | Assignments Online
Assignments Online 2023 Business Finance
Clearcopy, a printing company, acquired a new press on January 1, 2009. The press cost
$171,600 and had an expected life of eight years or 4,500,000 pages and an expected residual value of $15,000. Clearcopy printed 675,000 pages in 2009.
Required:
1. Compute 2009 depreciation expense using the:
a. Straight-line method
b. Double-declining-balance method
c. Units-of-production method
2. What is the book value of the machine at the end of 2009?
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