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just need the wrong ones, thanks Cheetah Copy purchased a new copy machine. The new machine cost $110,000 including installation. The company estimates the equipment
just need the wrong ones, thanks 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 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.) Answer is complete but not entirely correct. CHEETAH COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 $ 55,000 s 55,000 $ 55,000 2 27,500 82,500 27,500 3 41.250 X 5,882 % 27,500 4 45,678 222.455 27,500 Total S 169,428
just need the wrong ones, thanks
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