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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 was

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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 was 5 years or 2,000,000 copies. Actual usage was 480,000 copies the first year and 446,000 the second year. Required: 1. Compute depreciation expense for 2023 and 2024 using the: a. Straight-line method. Depreciation expense: 1,725 per year b. Double-declining-balance method. Depreciation Expense 2023

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