Calculating depreciation expense using four different methods
L0 3, 5
O'Brian Service Company purchased a copier on January 1, 2011, for $17,000 and paid an additional $200 for delivery charges. The copier was estimated to have a life of four years or 800,000 copies. Salvage was estimated at $1,200. The copier produced 230,000 copies in 2011 and 250,000 copies in 2012.
Compute the amount of depreciation expense for the copier for calendar years 2011 and 2012, using these methods:
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.
d. MACRS, assuming that the copier is classified as five-year property.
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