A company purchased a photocopy machine for $16,000 It has a useful life of 4 years and a residual value of $1,000 Compute depreciation for the second year under each of the following methods a Straight line$ b Double declining balance$

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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

A company purchased a photocopy machine for $16,000. It has a useful life of 4 years and a residual value of $1,000.
Compute depreciation for the second year under each of the following methods:
a.Straight-line$
b.Double-declining-balance$

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