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Determine the depreciation for the first year

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Question - A copy machine acquired with a cost of $1,410 has an estimated useful life of four 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) Units-of-activity method (4,500 copies were made the first year)

Reference no: EM132967840

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