Question
Cheetah Copy purchased a new copy machine. The new machine cost $102,000 including installation. The company estimates the equipment will have a residual value of
Cheetah Copy purchased a new copy machine. The new machine cost $102,000 including installation. The company estimates the equipment will have a residual value of $25,500. 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 2000 2 1200 3 2000 4 3000 Prepare a depreciation schedule for four years using the straight-line method. Year depreciation expense accumulated depreciation Book Value 1 2 3 4 Prepare a depreciation schedule for four years using the double-declining-balance method Year depreciation expense accumulated depreciation Book Value 1 2 3 4 Prepare a depreciation schedule for four years using the activity-based method Year depreciation expense accumulated depreciation Book Value 1 2 3 4
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