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Question
A copy machine acquired with a cost of $1,410 has an estimated useful life of 4 years. It is also expected to have a useful operating life of 13,350 copies. Assuming that it will have a residual value of $75, determine the depreciation for the first year by the following methods:
a. Straight-line
b. Double-declining-balance
c. Units-of-activity (4,500 copies were made the first year)
Answer
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