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What the annual depreciation expense for the printer will be

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Problem 1: Blanchard Paper and Printing paid $40,000 for a top of the range industrial printer. It was fully installed and ready to use on the first day of the accounting period. The estimated useful life of this machinery is 8 years with a $2000 residual value. If the company uses the straight-line method of depreciation, the annual depreciation expense for the printer will be:

a. $5250

b. $4750

c. $4500

d. $5000

 

Reference no: EM132951631

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