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What is the accumulated depreciation and net book value

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Reference no: EM132912787

HR Block purchased a big HP scanner/photocopier at a cost of $25,000 on Dec 31 st , 2010, They started using the copier immediately on Jan 1 st , 2011. The machine is expected to have a residual value of $5000 at the end of its five-year useful life. HR Block has a December 31 year end. (Show your calculations - no points will be given without that):

Problem 1: Using the straight-line method, find the depreciation per year

Problem 2: What is the accumulated depreciation and Net book value of the photocopier as of Dec. 31st, 2012?

Reference no: EM132912787

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