Required information The following information applies to the questions displayed below! Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. 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: Year Hours Used 3,000 2.000 2.000 2,00 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH COPY Depreciation Schedule--Straight-Line End of Year Amounts Depreciation Accumulated Book Value Year Expense Depreciation Check my Required information Required: 1. For the year ended December 31, 2021, record depreciation expense for buildings and equipment and is not depreciated. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation on the building Note Enter dette er Transaction General Journal Debit Credit Required information The following information applies to the questions displayed below. Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. 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: Hours Used 3,000 2,000 2,000 2,000 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 Year Book Value Expense Depreciation $ 0 Check my Required information Required: 1. For the year ended December 31, 2021, record depreciation expense for buildings and equipment and is not depreciated. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation on the building Note Enter dette er Transaction General Journal Debit Credit Required information The following information applies to the questions displayed below.) Togo's Sandwich Shop had the following long-term asset balances as of January 1, 2021: Accumulated Depreciation Land Building Equipment Patent Cost $ 83,000 558,000 131,400 120.000 $(106,020) (29,600) (48,000) Book Value $ 33,000 451,980 101,800 72,000 Togo's purchased all the assets at the beginning of 2019 (3 years ago). The building is depreciated over a 20-year service life using the double declining balance method and estimating no residual value. The equipment is depreciated over a 8 year useful life using the straight-line method with an estimated residual value of $13,000. The patent is estimated to have a five year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2019 and 2020 View transaction list Journal entry worksheet Record the amortization on the patent. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 56 of 6 Next > Required information The following information applies to the questions displayed below! Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. 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: Year Hours Used 3,000 2.000 2.000 2,00 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH COPY Depreciation Schedule--Straight-Line End of Year Amounts Depreciation Accumulated Book Value Year Expense Depreciation Check my Required information Required: 1. For the year ended December 31, 2021, record depreciation expense for buildings and equipment and is not depreciated. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation on the building Note Enter dette er Transaction General Journal Debit Credit Required information The following information applies to the questions displayed below. Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. 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: Hours Used 3,000 2,000 2,000 2,000 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 Year Book Value Expense Depreciation $ 0 Check my Required information Required: 1. For the year ended December 31, 2021, record depreciation expense for buildings and equipment and is not depreciated. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation on the building Note Enter dette er Transaction General Journal Debit Credit Required information The following information applies to the questions displayed below.) Togo's Sandwich Shop had the following long-term asset balances as of January 1, 2021: Accumulated Depreciation Land Building Equipment Patent Cost $ 83,000 558,000 131,400 120.000 $(106,020) (29,600) (48,000) Book Value $ 33,000 451,980 101,800 72,000 Togo's purchased all the assets at the beginning of 2019 (3 years ago). The building is depreciated over a 20-year service life using the double declining balance method and estimating no residual value. The equipment is depreciated over a 8 year useful life using the straight-line method with an estimated residual value of $13,000. The patent is estimated to have a five year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2019 and 2020 View transaction list Journal entry worksheet Record the amortization on the patent. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 56 of 6 Next >