Required information [The following information applies to the questions displayed below] While You Wait Copy purchased a new copy machine. The new machine cost $124,000 inclucling installation. The company estimates the equipment will have a residual value of $31,000. While You Wait 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 intermediate calculations.) Required information [The following information applies to the questions displayed below] While You Wait Copy purchased a new copy machine. The new machine cost $124,000 including installation. The company estimates the equipment will have a residual value of $31,000. While You Wait Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: 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.)