Required information Problem 7-5B Determine depreciation under three methods (L07-4) [The following Information applies to...
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Required information Problem 7-5B Determine depreciation under three methods (L07-4) [The following Information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $134.000 including installation. The company estimates the equipment will have a residual value of $33,500, 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 1 2 3 4 Hours Used 2,800 2,000 2,000 3,200 Problem 7-5B Part 3 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal Slaces and use this amount in all subsequent calculations.) CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 Total
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