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I Required information [ The following information applies to the questions displayed below. ] One Stop Copy purchased a new copy machine. The new machine
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The following information applies to the questions displayed below.
One Stop Copy purchased a new copy machine. The new machine cost $ including installation. The company estimates the equipment will have a residual value of $ One Stop Copy also estimates it will use the machine for four years or about total hours:Actual use per year was as follows:
tableYearHours Used
Required:
Prepare a depreciation schedule for four years using the straightline method. Do not round your intermediate calculations.
tableONE STOP COPYDepreciation ScheduleStraightLineEnd of Year AmountsYeartableDepreciationExpensetableAccumulatedDepreciationBook ValuesTotal
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