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Problem 7 - 5 B ( Algo ) Determine depreciation under three methods ( LO 7 - 4 ) [ The following information applies to

Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4)
[The following information applies to the questions displayed below.]
Quick Copy purchased a new copy machine. The new machine cost $128,000 including installation. The company
estimates the equipment will have a residual value of $32,000. Quick Copy also estimates it will use the machine for four
years or about 8,000 total hours. Actual use per year was as follows:
Problem 7-5B (Algo) Part 1
Required:
Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)
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