Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4)

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[The following information applies to the questions displayed below.]

While You Wait Copy purchased a new copy machine. The new machine cost $104,000 including installation. The company estimates the equipment will have a residual value of $26,000. While You Wait 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	Hours Used
1	2,900
2	1,300
3	1,400
4	2,600

Problem 7-5B (Algo) Part 2

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.)

Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4)

Skip to question

[The following information applies to the questions displayed below.]

While You Wait Copy purchased a new copy machine. The new machine cost $104,000 including installation. The company estimates the equipment will have a residual value of $26,000. While You Wait 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	Hours Used
1	2,900
2	1,300
3	1,400
4	2,600

Problem 7-5B (Algo) Part 3

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. Round answers to the nearest whole dollar.)