Required Information [The following information applies to the questions displayed below) Cheetah Copy purchased a new copy machine. The new machine cost $128,000 including installation. The company estimates the equipment will have a residual value of $32,000. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: yan Hours Used 2 100 1,900 2. Prepare a depreciation schedule for four years using the double-declining balance method. (Hint: The asset will be depreciated in only two years.) (Do not round your Intermediate calculations.) CHEETAH COPY Depreciation Schedule-Double-Declining Balance End of Year Amounts Depreciation Accumulated Year Book Value Depreciation 1 34000 34.000 3 84000 3 , 92.000 20.000 10.000 0.000 Tetais 120.000 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations.) CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation Year