Depreciation per copy = (Cost - Salvage value)/Total copies
= (11,700-1200)/100,000 = 0.105 per copy
A)
2011 = 16000*0.105 = 1680
2012 = 14000, 0.105 = 1470
B)
Accumulated Depreciation = 1680+1470 = 3150
C)
Book value = 11,700 - 3150 = 8550
Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $11,700 with a residual value of $1200. Useful l...
Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $11,700 with a residual value of $1200. Useful life is 5 years or 100,000 copies Copies produced in 2011: 16000 copies; in 2012: 14,000 copies Using the Straight Line Method, calculate: a) The Depreciation Expense in 2011 & 2012 in 2011 in 2012 b) Accumulated depreciation at the end of 2012 c) Book value at the end of 2012 Get help: Video
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