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Homework - Chapter 7 Exercise 7.48 (Algorithmic) Depreciation Methods Berkshire Corporation purchased a copying machine for $9,800 on January 1, 2019. 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 coples in the first year and 452,000 in the second year. Required: 1. Compute depreciation expense for 2019 and 2020 using the a. Straight-line method Depreciation expense: 1,725 per year b. Double-declining-balance method. Depreciation Expense 2019 3,920 7 2020 2,352 c. Units-of-production method. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar) Depreciation Expense 2019 2,070 7 2020 1,941 X 7 For Aarh denreciation methout what is the honk vale of the machine at the end of 20102 At the end of 202021f retired round you Check My Work 2 more Check My Work uses remaining c. Units of production method. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar) Depreciation Expense 2,070 2019 2020 1,941 X 2. For each depreciation method, what is the book value of the machine at the end of 20197 At the end of 2020? If required, round your answers to the nearest whole dollar 2019 2020 8,075 6,350 a Straight line method b. Double-declining balance method c Units-of-production method 5,880 3,528 7 7,730 5,789 X Feedback Check My Work Ta. Straight-line depreciation allocates the doprobable cost over the useful ife of the asset 1b. Doubio declining balance is an accelerated method of depreciation in which depreciation expense equals twice the straight-ine rate multiple times the book Valve te Under the units-af-production method Depreciation expense is the depreciation cert per unit mutolad times the actual usage of the asset. 2 Book value = Cost - Accumulated Depreciation Check My Work 2 more Check My Work uses remaining