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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 three methods listed below.
If required, round your answers to two decimal places.
a. Straight-line method:
b. Double-declining-balance method:
c. Units-of-output method (4,500 copies were made the first year):
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