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Accounting Excel, accounting homework help
Todd Service Company purchased a copier on January 1, 20xx. The following information applies to the copier purchased:
| Purchase price – | $25,000 |
| Delivery cost – | $ 500 |
| Estimated life – | 4 years |
| Estimated copies produced | 1,000,000 |
| Salvage value | $ 1,500 |
The copies produced as follows:
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Order Paper Now| Year 1 | 250,000 copies |
| Year 2 | 270,000 copies |
| Year 3 | 320,000 copies |
| Year 4 | 160,000 copies |
Using Excel, determine the amount of depreciation expense and the net book value for each of the four years (6 years for MACRS) using each of the following methods:
Straight-line
Double-declining balance
Units of production
MACRS, assuming the machine is classified as five-year property
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