20 Part 2 of 3 2.4/12 points awarded Scored Print Required information [The following information applies to the questions displayed below.] While You Wait Copy purchased a new copy machine. The new machine cost $116,000 including installation. The company estimates the equipment will have a residual value of $29,000. 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 1 2 3 4 Year 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.) Hours Used 2,800 2,000 2,000 2,000 WHILE YOU WAIT COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Depreciation Expense $ Accumulated Depreciation $ 30,450 $ 52,200 x 73,950 X 87,000 Book Value 1 30,450 2 21,750 3 21,750 4 13,050 Total $ 87,000 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. 85,550 X 63,800 X 42,050 x 29,000

Required information [The following information applies to the questions displayed below] While You Wait Copy purchased a new copy machine. The new machine cost $116,000 including installation, The company estimates the equipment will have a residual value of $29,000. While You Wait Copy also estimotes it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: 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.) omenger extiated eat. ha fouts Required information [The following information applies to the questions displayed below] While You Wait Copy purchased a new copy machine. The new machine cost $116,000 including installation, The company estimates the equipment will have a residual value of $29,000. While You Wait Copy also estimotes it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: 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.) omenger extiated eat. ha fouts