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Problem 7-5B Determine depreciation under three methods (LO7-4) The following information applies to...

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Problem 7-5B Determine depreciation under three methods (LO7-4) The following information applies to the questions displayed below. Cheetah Copy purchased a new copy machine. The new machine cost $112,000 including installation. The company estimates the equipment will have a residual value of $28,000. Cheetah 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 3,000 1700 1,800 2,200 References Problem 7-5B Determine depreciation under three methods (L07-4) Section Break

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