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A copy machine acquired with a cost of $3,000 has an estimated useful life of 5 years. It is also expected to have a useful
A copy machine acquired with a cost of $3,000 has an estimated useful life of 5 years. It is also expected to have a useful operating life of 15,000 copies. Assuming that it will have a residual value of $200, determine the depreciation for the first year by the
(a) | straight-line method |
(b) | double-declining-balance method |
(c) | units-of-output method (3,500 copies were made the first year) |
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