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just need the wrong ones Problem 7-5B Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below.) Cheetah Copy purchased
just need the wrong ones Problem 7-5B Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $110,000 including installation. The company estimates the equipment will have a residual value of $27,500. 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 1 2 3 4 Hours Used 2,000 1,600 2,000 3,200 3. Prepare a depreciation schedule for four years using the activity-based method (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations.) Year Answer is complete but not entirely correct. CHEETAH COPY Depreciation Schedulo-Activity-Based End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value $ 20,624 $ 110,000 $ 89,376 16,499 19.3783 72,876 20,624 72,876 $2,252 34 6263 52.252 19.254 $ 92,373 1 2 3 4 Total
just need the wrong ones
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