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Required information [The following information applies to the questions displayed below] Quick Copy purchased a...

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Accounting

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Required information [The following information applies to the questions displayed below] Quick Copy purchased a new copy machine. The new machine cost $122,000 including installation. The company estimates the equipment will have a residual value of $30.500. Qulck 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. (Hin: The asset will be depreciated in nly two years.) (Do not round your intermediate colculations.) QUICK COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts \begin{tabular}{|c|c|c|c|} \hline Year & DepreciationExpense & AccumulatedDepreciation & Book Value \\ \hline 1 & & & \\ \hline 2 & & & \\ \hline 3 & & & \\ \hline 4 & & & \\ \hline Total & & & \\ \hline \end{tabular}

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