Required information The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $100,000 including installation. The company estimates the equipment will have a residual value of $25,000. 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 1 2 3 4 Hours Used 3,000 2,899 1,200 2,800 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.) Year CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation $ 28,125$ 28,125 81,250 18,750 56,250 62,500 11,250 84,3751 43,750 26,2501 75,000 25,000 $ 84,375 1 2 3 4 Total