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[The following information applies to the questions displayed below.] Cheetah Copy purchased a new copy machine. The new machine cost $118,000 including installation. The company
[The following information applies to the questions displayed below.] Cheetah Copy purchased a new copy machine. The new machine cost $118,000 including installation. The company estimates the equipment will have a residual value of $29,500. 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: 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciatetd in only two years.) (Do not round your intermediate calculations.)
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