Cheetah Copy bought a new photocopier. The new machine cost $102,000, including installation. The company estimates that the equipment will have a residual value of $25,500. Cheetah Copy also estimates that he will use the machine for four years, or about 8,000 total hours. Actual usage per year was as follows:

Year	hours used
1	2,000
2	1200
3	2,000
4	3,000

Required:

1. Prepare a four-year depreciation schedule using the straight-line method.

2. Prepare a four-year depreciation schedule using the double declining balance method. (Hint: The asset will depreciate in just two years.)

3. Prepare a four-year depreciation schedule using the activity-based method.