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Required information [ The following information applies to the questions displayed below. ] Quick Copy purchased a new copy machine. The new machine cost $
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The following information applies to the questions displayed below.
Quick Copy purchased a new copy machine. The new machine cost $ including installation. The company estimates the equipment will have a residual value of $ Quick Copy also estimates it will use the machine for four years or about total hours. Actual use per year was as follows:
tableYearHours Used
Prepare a depreciation schedule for four years using the doubledecliningbalance method. Hint: The asset will be depreciated in only two years.Do not round your intermediate calculations.
QUICK COPY
tableQUICK COPYDepreciation ScheduleDoubleDecliningBalanceEnd of Year AmountsYeartableDepreciationExpensetableAccumulatedDepreciationBook ValuecTotal
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