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Quick Copy purchased a new copy machine. The new machine cost $ 1 2 2 , 0 0 0 including installation. The company estimates the

Quick Copy purchased a new copy machine. The new machine cost $122,000 including installation. The company estimates the equipment will have a residual value of $30,500. 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:
Year Hours Used
12,000
22,000
32,000
43,200Requlred Information
Problem 7-5B (Algo) Determine depreclation under three methods (LO7-4)
[The following Information applies to the questions displayed below.]
Qulck Copy purchased a new copy machine. The new machine cost $122,000 Including Installation. The company
estimates the equipment will have a residual value of $30,500. 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 3
Prepare a depreclation schedule for four years using the activity-based method. (Round your "Depreclation Rate" to 3 decimal
places and use this amount In all subsequent calculatlons. Round answers to the nearest whole dollar.)
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