A copy machine acquired on March 1, 2011 with a cost of $705 has an estimated useful life of 4 years. Assuming that it will have a residual value of $125, determine the depreciation for the first year by the double-declining-balance method.
First year depreciation = $293.75 [$352.50 x (10 /12)]

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The Answer of A copy machine acquired on March 1, 2011 with a cost of $705 has an estimated useful life of 4 years. Assuming that it will have a residual value of $125, determine the depreciation for the first year by the double-declining-balance method.
First year depreciation = $293.75 [$352.50 x (10 /12)]

A Copy Machine Acquired on March 1, 2011 with a Cost