Cheetah Copy purchased a new copy machine. The new machine cost $140,000 installation. The company estimates the equipment will have a residual value of $35,000. Cheetah company Copy also estimates it will use the machine for 5 years or about 8,000 total hours. Required: Prepare a depreciation schedule for four years using the following methods: Straight-line. Double-declining balance. Activity-based. Actual use per year was as follows