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Question - Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $10,500 with a residual value of $1100.
Useful life is 5 years or 100,000 copies
Copies produced in 2011: 12000 copies; in 2012: 17,000 copies
Using the Straight Line Method, calculate:
a) Calculate the Depreciation Expense in 2011 & 2012?
b) Calculate the accumulated depreciation at the end of 2012?
c) Calculate the book value at the end of 2012?
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