Homework Answers
| Date | Details | Asset Cost | Annual Depreciation | Accumulated Depreciation | Book Value |
| 01/31/2012 | Printing Equipment | $ 70,000 | |||
| 12/31/2012 | $ 15,000 | $ 15,000 | $ 55,000 | ||
| 12/31/2013 | $ 15,000 | $ 30,000 | $ 40,000 | ||
| 12/31/2014 | $ 15,000 | $ 45,000 | $ 25,000 | ||
| 12/31/2015 | $ 15,000 | $ 60,000 | $ 10,000 | ||
| Annual depreciation = (70000-10000)/4 = | $ 15,000 | ||||
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