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Depreciation Methods 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
Depreciation Methods 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 448,000 the second year. Required: 1. Compute depreciation expense for 2023 and 2024 using the: a. Straight-line method. Depreciation expense: 1 b. Double-declining-balance method. per year Depreciation Expense 2023 2024 c. Units-of-production method. Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Depreciation Expense 2023 2024 2. For each depreciation method, what is the book value of the machine at the end of 20237 At the end of 20247 If required, round your answers to the nearest whole dollar. a. Straight-line method b. Double-declining-balance method c. Units-of-production method 2023 2024
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