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A copy machine acquired on January 1 with a cost of $2,000 has an estimated useful life of 4 years. It is also expected to
A copy machine acquired on January 1 with a cost of $2,000 has an estimated useful life of 4 years. It is also expected to have a useful operating life of 76,000 copies. It is estimated to have a residual value of $200.
Determine the depreciation for the first year by the
1. | straight-line method |
2. | double declining-balance method |
3. | production method (18,500 copies were made the first year)
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