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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
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: Required: . Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)
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