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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 follows: ear Hours Used 1 2.000 2000 3,000 5 value Required information 5.00 points Required: . Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH CPY Depreciation Schedule-Straight-Line End of Year Amounts Dep Depreciation Book Value 19,125 S 82,875 Year 7 63,750 3 44,625 25.500 Total 6. Required informat 5,00 points 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in only two years.) (Do not round your intermediate calculations.) CHEETAH COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Depreciation Expense Accumulated Year Book Value Depreciation 1 2 Total 7 Required i 3.00 points 3. Prepare a depreciation schedule r four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount all subsequent calculations.) CHEETAH COPY Depreciation Schedu le-Activity-Based End of Year Amounts Depre Expense Year Book Value Depreciation 1 2 3 4 Total
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