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Cheetah Copy purchased a new copy machine. The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of
Cheetah Copy purchased a new copy machine. The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of $34,500. 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 | 2,000 | ||
2 | 2,000 | ||
3 | 2,000 | ||
4 | 3,600 | ||
|
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