A copy machine acquired with a cost of $1,410 has an estimated useful life of four years.It is also expected to have a useful operating life of 13,350 copies.Assuming that it will have a residual value of $75,determine the depreciation for the first year by the following methods: 
Definitions:
Variable Cost
Costs that change in proportion to the level of goods or services that a business produces.
Fixed Cost
Expenses that do not change in total regardless of the level of output or activity in a business, such as rent, salaries, and loan payments.
Dynamic Pricing
A pricing tactic that involves constantly updating prices to reflect changes in supply, demand, or market conditions.
Shrinkflation
The process of items shrinking in size or quantity while their prices remain the same or increase.
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