A company purchased a photocopy machine for $16,000. It has a useful life of 4 years and
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A company purchased a photocopy machine for $16,000. It has a useful life of 4 years and a residual value of $1,000. Compute depreciation for the first and second years under each of the following methods:
(a) Straight-line
(b) Double-declining-balance.
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Related Book For 
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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