Exercise 7-48 (Algorithmic) Depreciation Methods BerkshireCorporation purchased a copying machine for $9,800 on January 1,2019. The machine's residual value was $1,175 and its expected lifewas 5 years or 2,000,000 copies. Actual usage was 480,000 copies inthe first year and 462,000 in the second year. Required: 1. Computedepreciation expense for 2019 and 2020 using the: a. Straight-linemethod. Depreciation expense: $fill in the blank 1 per year b.Double-declining-balance method. Depreciation Expense 2019 $fill inthe blank 2 2020 $fill in the blank 3 c. Units-of-productionmethod. (Do not round intermediate calculations. Round your finalanswers to the nearest whole dollar.) Depreciation Expense 2019$fill in the blank 4 2020 $fill in the blank 5 2. For eachdepreciation method, what is the book value of the machine at theend of 2019? At the end of 2020? If required, round your answers tothe nearest whole dollar. 2019 2020 a. Straight-line method $fillin the blank 6 $fill in the blank 7 b. Double-declining-balancemethod $fill in the blank 8 $fill in the blank 9 c.Units-of-production method $fill in the blank
10 $fill in the blank 11
