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Problem 3. Tara bought an new printer to use in her business. The printer has...

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Accounting

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Problem 3. Tara bought an new printer to use in her business. The printer has an useful live of 8 years and a residual value of 6,000 Tara bought the printer for 30,000, shipping was 1,000, taxes were 3,000 and he paid 500 in interest expense becaused she financed it. Calculate the depreciation expense, the accumulated depreciation and the book value for the first three years under a. Straight Line Method b. Units of Production Method What is the cost of the printer? Straight Line Formula Write out the formula in WORDS. Show calculation: DECEMBER 31st DECEMBER 31st Straight Line Depr. Exp. Accum. Depe. Book Value Year 1 NOTE: all numbers shown in answer box Year 2 should be the amount at the end of a full year. Year 3 Printer was bought on January 1. Units of Production Show your labeled formula or a labeled table. Show formula in words for units of production: Show calculation for units of production: Show labeled table or labeled individual calculations for the three years: Depr. Exp. DECEMBER 31st Accum. Depr. DECEMBER 31st Book Value Units of Production Year 1 Year 2 Year 3 NOTE: all numbers shown in answer box should be the amount at the end of a full year. Printer was bought on January 1

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