FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Clearcopy, a printing company, acquired a new press on January 1. The press cost $171,600 and had an expected life of 8 years or 4,500,000 pages and an expected residual value of $15,000. Clearcopy printed 679,200 pages during the year. Do not round intermediate calculations. If required, round your answers to the nearest whole dollar.
Required:
- What is the book value of the machine at the end of year under each method?
- Straight-line method .....................................$
- Double-declining-balance method ................$
- Units-of-production method ...........................$
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