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company estimates the equipment will have a residual value of $26,000. While You Wait Copy...

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Accounting

company estimates the equipment will have a residual value of $26,000. While You Wait Copy also estimates it will use
the machine for four years or about 8,000 total hours. Actual use per year was as follows:
Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in
only two years.)(Do not round your intermediate calculations.)Required information
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[The following information applies to the questions displayed below.]
While You Wait Copy purchased a new copy machine. The new machine cost $104,000 including installation. The company estimates the equipment will have a residual value of $26,000. While You Wait Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows:
Year Hours Used
12,900
21,300
31,400
42,600
2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in only two years.)(Do not round your intermediate calculations.)
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