Retu Cheetah Copy purchased a new copy machine. The new machine cost $128,000 including installation. The company estimates the equipment will have a residual value of $32,000. 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: Year 1 2 3 4 Hours Used 2,100 1,900 1,900 3,300 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.) Answer is complete but not entirely correct. CHEETAH COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Year Depreciation Accumulated Expense Depreciation Book Value $ 64,000 $ 24,000 $ 104.000 & 2 32,000 48.000 80,000 3 O 72,000 56,000 0 96,000 32,000 AN 4