Cheetah Copy purchased a new copy machine. The new machine cost $120,000 including installation. The company estimates the equipment will have a residual value of $30,000. 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 2,500 2 2,200 3 1,900 4 2,000 Prepare a depreciation schedule for four years using the straight-line method.

Allocation base - Depreciation Rate - Depreciation Expense - Accumulated Depreciation - Book Value 1 2 3 4 Total Please show work so i can understand how to do it, Thanks