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Required information Skip to question [The following information applies to the questions displayed below.] One Stop Copy purchased a new copy machine. The new machine

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

One Stop Copy purchased a new copy machine. The new machine cost $126,000 including installation. The company estimates the equipment will have a residual value of $31,500. One Stop 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 2,000
2 2,000
3 2,000
4 3,200

Required:

1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)

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