company estimates the equipment will have a residual value of $$26,000.$ While You Wait Copy also estimates it will use

the machine for four years or about $8,000$ total hours. Actual use per year was as follows:

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.$)$Required information

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While You Wait Copy purchased a new copy machine. The new machine cost $$104,000$ including installation. The company estimates the equipment will have a residual value of $$26,000.$ While You Wait 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

$12,900$

$21,300$

$31,400$

$42,600$

$2.$ 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.$)$