Required information [The following information applies to the questions displayed below.] Cheetah Copy purchased a new copy machine. The new machine cost $134,000 including installation. The company estimates the equipment will have a residual value of $33,500 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 2,800 2,000 2,000 3, 200 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.) X Answer is not complete. CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation xpense Accumulated Year Book Value Depreciation 65,332 8 40,212 8 33,540 8 35,168 35,168 ( 25,120 60,288 60,288 3 25,120 85,408 Total