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Required information (The following information applies to the questions displayed below) One Stop Copy purchased a new copy machine, The new machine cost $138,000 including
Required information (The following information applies to the questions displayed below) One Stop Copy purchased a new copy machine, The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of $34,500. One Stop Copy also estimates it will use the machine for four years or about 8.000 total hours. Actual use per year was as follows: Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediote calculations.) Required information [The following information applies to the questions displayed below] One Stop Copy purchased a new copy machine. The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of $34.500. One Stop Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: - Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint The asset will be depreciated in inly two years.) (Do not round your intermediate calculations.) Required informotion [The following information applies to the questions displayed below, One Stop Copy purchased a new copy machine. The new machine cost $138.000 including installation. The company estimates the equipment will have a residual value of $34,500. One $ top Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciotion Rote" to 3 decimal leces and use this amount in ell subsequent calculetions. Round answers to the nearest whole doller.)
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