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A company purchased a photocopy machine for $16,000. It has a useful life of 4 years and a residual value of $1,000. Compute depreciation for the...

  1. A company purchased a photocopy machine for $16,000. It has a useful life of 4 years and a residual value of $1,000.
  2. Compute depreciation for the second year under each of the following methods:
  3. a. Straight-line$
  4. b. Double-declining-balance$
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