Required information [The following information applies to the questions displayed below.] Cheetah Copy purchased a new copy machine. The new machine cost $108,000 including installation. The company estimates the equipment will have a residual value of $27,000. 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 Year 1 3,000 2,000 1,600 2,400 2 3 4 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH CPY Depreciation Schedule-Straight-Line End of Year Amounts Accumulated Depreciation Expense Year Book Value Depreciation 1 2 3 4 Total