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

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

Name: Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $
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Description: Morgana Film Productions Inc. purchased a copier on Jan 1, 2011 for $12,700 with a residualvalue of $1500.Useful life is 5 years or 100,000 copiesCopies produced in 2011: 13000 copies; in 2012: 15,000 copiesUsing the Activity/Units of Production Met

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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