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eBook seven years (or 50,000,000 items scanned) and an expected residual value of...

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Accounting

eBook
seven years (or 50,000,000 items scanned) and an expected residual value of $6,800.
Required:
Determine the amount of depreciation expense for the first and second years of the system's life using the:
a. Straight-line method. Round your answer to the nearest whole dollar, and use the rounded amount for subsequent calculations.
Depreciation expense: $ p year
b. Double-declining-balance method: (Round your answers to the nearest whole dollar and do not round intermediate calculations.)
Depreciation Expense
Year 1
$
Year 2
$
Depreciation Expense
Year 1
$
Year 2
3. Compute the book values for all three depreciation methods as of the end of the first and second years of the system's life.
Year 1
Year 2
Straight-line method
$
Double-declining-balance method
$
Units-of-production method
$
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