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Required information [ The following information applies to the questions displayed below. ] While You Wait Copy purchased a new copy machine. The new machine
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The following information applies to the questions displayed below.
While You Wait Copy purchased a new copy machine. The new machine cost $ including installation. The company estimates the equipment will have a residual value of $ While You Wait Copy also estimates it will use the machine for four years or about total hours. Actual use per year was as follows:
tableYearHours Used
Required:
Prepare a depreciation schedule for four years using the straightline method. Do not round your intermediate calculations.
tableWHILE YOU WAIT COPYDepreciation ScheduleStraightLineEnd of Year AmountsYeartableDepreciationExpensetableAccumulatedDepreciationBook ValueTotal$
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