Problem 7-5B

ework graded Saved Help Save & EX Chec Required information Problem 7-5B Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $102,000 including installation. The company estimates the equipment will have a residual value of $25,500. 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 1,200 2,000 3,000 Problem 7-5B Part 1 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH COPY Prey 1 2 3 of 8 Next > arch a 0 Homework graded Saved Help Sa Problem 7-5B Part 1 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH COPY Depreciation ScheduleStraight-Line End of Year Amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 es 2 3 4 Total $ 0 Prev 1 2 3 of 8 FH Next > e to search a F 0 amework graded Saved Help Save & Exie Check Problem 7-5B 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.) CHEETAH COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 Total S 0 search a Rebecca1910 Statistics Tut X meducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmher omework graded 6 Saved Help Save & Exit Check Problem 7-5B 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.) CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 Total o search