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Cheetah Copy purchased a new copy machine. The new machine cost $136,000 including installation. The company estimates the equipment will have a residual value of

Cheetah Copy purchased a new copy machine. The new machine cost $136,000 including installation. The company estimates the equipment will have a residual value of $34,000. 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 2,900
2 1,900
3 1,900
4 3,500

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Cheetah Copy purchased a new copy mochine. The new machlne cost $136,000 Including Installation. The company estimates the equlpment will have e resldual value of $34,000. 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 2,900 1900 1900 3.500 value 5.00 points Required Information Required: 1. Prepare a depreclation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) H COPY Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Accumulated Year Book Value Expense TotalS

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