Cheetah Copy purchased a new copy machine. The new machine cost $132,000 including installation. The company estimates the equipment will have a residual value of $33,000. 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: Part 1 of 2 Year AWNE Hours Used 2,000 2,000 2,000 3,000 points Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) & Answer is not complete. Year CHEETAH COPY Depreciation ScheduleStraight-Line End of Year Amounts Depreciation Accumulated Expense Evrense Depreciation $ 24,750 $ 24,750 24,750 49,500 24,750 74,250 24 750 99 000 Book Value Cheetah Copy purchased a new copy machine. The new machine cost $132,000 including installation. The company estimates the equipment will have a residual value of $33,000. 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 Part 2 of 2 Hours Used 2,000 2,000 2,000 3,000 points 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations.) X Answer is not complete. Year CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value 24,750 $ 24,750 24,750 24,750 24,750 $ 99,000 2 | 3 Total