Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date postcards, etc. The laserjet costs $1199. The laserjet has an expected life of five years; at the end of which time Maria expects a rebate of $90 when she turns in her old laserjet and purchases a new one. Maria uses the double-declining-balance method to calculate depreciation.
What is the annual depreciation in the first year?
$
What is the book value at the end of the second year?
$
What is the accumulated depreciation by the end of year 3?
$
Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date postcards, etc. The laserjet costs $400. The laserjet has an expected life of 5 years; at the end of which time Maria expects a rebate of $20.00 when she turns in her old laserjet and purchases a new one. Maria uses the sum-of-the-years’-digits method to calculate depreciation.
What is the annual depreciation in the first year?
$
What is the book value at the end of the second year?
$
What is the accumulated depreciation by the end of year 3?
$
Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date postcards, etc. The laserjet costs $599. The laserjet has an expected life of five years; at the end of which time Maria expects a rebate of $45 when she turns in her old laserjet and purchases a new one. Maria uses the straight-line method of depreciation.
What is the annual depreciation on the laserjet?
$
What is the book value of the laserjet at the end of year 2?
$
What is the accumulated depreciation at the end of year 5?
$
Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date postcards, etc. The laserjet costs $799 and can be expected to print 200,000 pages. At the end of its useful life, Maria will receive a rebate of $60 when she turns in her old laserjet and purchases a new one. Maria uses the units-of-production method of depreciation.
What is the depreciation per unit? If necessary, round to the nearest tenth of a cent.
$
What is the book value of the laserjet at the end of the first year if 34,000 pages are printed?
$
In the second year, Maria uses the laserjet to print 56,000 pages. What is the annual depreciation for year 2?
$
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