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A Copy Machine Acquired on May 1 with a Cost

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A copy machine acquired on May 1 with a cost of $2,545 has an estimated useful life of three years. Assuming that it will have a residual value of $445, determine the depreciation for the first and second year by the straight-line method. Round your answers to the nearest whole dollar.


Definitions:

Appearance

The way that someone or something looks to other people, encompassing aspects like clothing, cleanliness, and style.

Subtle Manner

A way of doing things that is not obvious or direct but still effectively communicates the intended message.

Mixed Signal

Behavior or communication that seems contradictory or unclear, making it difficult to understand the person's intentions or feelings.

Well Organized

Characterized by a systematic and efficient arrangement or coordination of parts; neat and orderly.

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