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[The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $126,000 including installation. The company
[The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $126,000 including installation. The company estimates the equipment will have a residual value of $31,500. 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: Year 1 2 3 4 Hours Used 2.000 2.000 2.000 3,200 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.) CHEETAH COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Year Depreciation Accumulated Expense Depreciation Book Value 2 3 4 Total
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