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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
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 450,000 the second year Required: 1. Compute depreciation expense for 2023 and 2024 using the: a. Straight-line method. Depreciation expense: $ per year b. Double-declining-balance method. 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 2023? At the end of 2024? If required, round your answers to the nearest whole dollar. 2023 2024 a. Straight-line method b. Double-declining balance method c. Units-or-production method NI
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