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Please help me solve this! Required information The following information applles to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new
Please help me solve this!
Required information The following information applles to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $112,000 including installation. The company estimates the equipment will have a residual value of $28,000 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 Hours Used 3,000 1,700 1.800 2,200 4 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.) CHEETAH COPY Depreciation Schedule-Double-Declining-Balance Farmine Step by Step Solution
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