One Stop Copy purchased a new copy machine. The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of $34,500. One Stop Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows:

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.)

Required information [The following information applies to the questions displayed below] One Stop Copy purchased a new copy machine. The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of $34,500. One Stop 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.)