Cheetah Copy purchased a new copy machine. The new machine cost $126,000 including Installation. The company...

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Cheetah Copy purchased a new copy machine. The new machine cost $126,000 including Installation. The company estimates the equipment will have a residual value of $31,500. 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 1 2 Roure Used 2,000 2,000 3 2,000 3,200 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your Intermediate calculations.) CHEETAH COPY Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Year Expense 1 2 3 4 Total Accumulated Book Value Depreciation Cheetah Copy purchased a new copy machine. The new machine cost $126,000 including Installation. The company estimates the equipment will have a residual value of $31,500. 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 1 2 Roure Used 2,000 2,000 3 2,000 3,200 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your Intermediate calculations.) CHEETAH COPY Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Year Expense 1 2 3 4 Total Accumulated Book Value Depreciation