Homework Answers
ANSWER
Cost of Machine=$11,700
Residual Value=$1,200
No of copies for 5 Years=100,000 Copies
Depreciation In 2011:
Copies produced in 2011=16,000 copies
Depreciation=(Cost-Residual Value)*Copies produced in the year 2011/Total no of Copies
=($11,700-$1,200)*16,000 /100,000=$1,680
Depreciation In 2012:
Copies produced in 2012=14,000 copies
Depreciation=(Cost-Residual Value)*Copies produced in the year 2012/Total no of Copies
=($11,700-$1,200)*14,000/100,000=$1,470
Accumulated depreciation at the end of 2012:
Accumulated Depreciation at end of 2012=$1,680+$1,470=$3,150
Book Value at end of 2012:
Book Value at end of 2012=Cost of Machine-Accumulated Depreciation=$11,700-$3,150=$8,550
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