Required information The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $110,000 including installation. The company estimates the equipment will have a residual value of $27.500. 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 Year Hours Used 2,000 2 1,500 2.000 3,200 1 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 Expense Depreciation 1 2 3 4 Total