Question
Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of
Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. 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 Hours Used 1 3,000 2 2,000 3 2,000 4 2,000
Required:
1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)
ound your intermediate calculations.)
Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. 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 | Hours Used |
|---|---|
| 1 | 3,000 |
| 2 | 2,000 |
| 3 | 2,000 |
| 4 | 2,000 |
Required:
1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)
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Auditor 1 A Person Who Conducts An Audit. 2 Someone Who Arrives After The Battle And Bayonets The Wounded.
Authors: Day By J.
1st Edition
B09NHD98BP, 979-8781611843
