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A company purchased a photocopy machine for $16,000. It has a useful life of four years and a residual value of $1,000. Compute depreciation for

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

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