DEPRECIATION METHODS. Berkshire Corporation purchased a copying machine for $9,800. The machine’s residual value was $1,175, and its expected life was 5 years or 2,000,000 copies. Actual usage was 480,000 copies the first year and 440,000 the second year.

REQUIRED:

Compute straight-line, sum-of-the-years’-digits, double declining balance, and usage depreciation for the first 2 years for Berkshire’s copying machine.