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

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

While You Wait Copy purchased a new copy machine. The new machine cost $$116,000$

including installation. The company estimates the equipment will have a residual value of

$$29,000.$ 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: