Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. cheetah copy purchased a new copy machine. the new

Cheetah Copy purchased a new copy machine. The new machine cost $136,000 including installation. The company...

70.2K

Verified Solution

Question

Advance Math

Cheetah Copy purchased a new copy machine. The new machine cost$136,000 including installation. The company estimates theequipment will have a residual value of $34,000. Cheetah Copy alsoestimates it will use the machine for four years or about 8,000total hours. Actual use per year was as follows:

YearHours Used
12,900
21,900
31,900
43,500

2. Prepare a depreciation schedule for fouryears using the double-declining-balance method.

CHEETAH COPY
DepreciationSchedule—Double-Declining-Balance
End of Year Amounts
YearDepreciation ExpenseAccumulated DepreciationBook Value
1
2
3
4
Total$0

Answer & Explanation Solved by verified expert
4.4 Ratings (991 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

BINOMIAL PROBABILITIES Big Box Store (BBS) has an annual rate of 4% of all sales being...

Mechanical Engineering
1.2K views

explain in details why is it not possible to have 100% safety in case of disaster.

General Management
1.2K views

Develop a BCG Matrix for the company. Show the ideal flow of funds with arrows, show...

Physics
1.2K views

In mixed grouping of cells for maximum current ER A R m nr nr m...

Basic Math
1.2K views

In 2010, Spokane County in Washington state had a population of 471,221 with an area...

Statistics
1.2K views

Your claim results in the following alternative hypothesis Ha P 0 69 which you test...

Calculus
1.2K views

Find the monthly house payments necessary to amortize a 4 8 loan of 205 700...

Accounting
1.2K views

The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the...

Accounting
1.2K views

Mr. Donald James is a very successful executive with a Canadian public company. During 2021,...

Accounting
1.2K views

3) Inventory Balance and COGS (10 points) Sherman Electric shows the beginning inventory of a...

Accounting
1.2K views

n 2012 city employees earned $3.6 million in vacation pay that they did not use...

Accounting
1.2K views

Jamison Company reports depreciation expense of $54,000 for Year 2. Also, equipment costing $182,000 was...