7.5

Berkshire Corporation purchased a copying machine for $9,800 on January 1,2023 . 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 442,000 the second year. Required: 1. Compute depreciation expense for 2023 and 2024 using the: a. Straight-line method. Depreciation expense: s per year