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Required information [The following information applles to the questions displayed below.] One Stop Copy purchased a new copy machine. The new machine cost $120,000 including

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Required information [The following information applles to the questions displayed below.] One Stop Copy purchased a new copy machine. The new machine cost $120,000 including installation. The company estimates the equipment will have a residual value of $30,000. 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: 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated n only two years.) (Do not round your intermediate calculations.)

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