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Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $11,900 with a residual value of $1500. Useful life is 5 years or 100,000 copies
Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $11,900 with a residual value of $1500.
Useful life is 5 years or 100,000 copies
Copies produced in 2011: 16000 copies; in 2012: 17,000 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
$
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