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2 1 Part 1 of 3 points eBook ! Required information [The following information applies to the questions displayed below.] One Stop Copy purchased
2 1 Part 1 of 3 points eBook ! Required information [The following information applies to the questions displayed below.] One Stop Copy purchased a new copy machine. The new machine cost $102,000 including installation. The company estimates the equipment will have a residual value of $25,500. One Stop Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Hours Used Year 1 2,000 2 1,200 Print 3 2,000 3,000 References Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) ONE STOP COPY Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Year Expense 1 2 3 4 Total Accumulated Book Value Depreciation
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