Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $12,700 with a residual value of $1500. Useful life is 5 years or 100,000 copies Copies produced in 2011: 13000 copies; in 2012: 15,000 copies Using the Activity/Units of Production Method, calculate: a) The Depreciation Expense in 2011 & 2012 $ in 2011 in 2012 b) Accumulated depreciation at the end of 2012 EA $ c) Book value at the end of 2012

Irons Delivery Inc. purchased a new delivery truck for $45,000 on January 1, 2013. The truck is expected to have a $3,000 residual value at the end of its 5-year useful life. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 160,000 miles. The actual miles driven in 2013 and 2014 were 40,000 and 36,000, respectively. Required:   Hide     Prepare the journal entry to record depreciation expense for 2013 and 2014.             2013 Dec. 31                 (Record units-of-production depreciation expense)             2014 Dec. 31                 (Record units-of-production depreciation expense)

On August 1, 2015, Toy inc. purchosed a new piece of equipment that cost$25000. The estimoted useful ife is five years and the estimated residual value is 52,500 . During the five years of useful life the equpment is expected to produce 10.000 units. If the company uses the double declining bolance method of depreciation, what is the depreciation expense for the yeat ended December 31 , 2016 ? Mutiple Croice $15,000 $5,400 $8,333 $6,000 None of the other atfenatives aro correct

On January 1, 2016, D Company acquires for $100,000 a new machine with an estimated useful life of 10 years and no residual value. The machine has a drum that must be replaced every five years and costs $20,000 to replace. The company uses straight-line depreciation. Under IFRS, what is depreciation for 2016? a. $10,000. b. $10,800. c. $12,000. d. $13,200.