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Compute depreciation for the second year

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Reference no: EM132200215

Question - 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 second year under each of the following methods:

a. Straight-line.

b. Double-declining-balance.

Reference no: EM132200215

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