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[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 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:

Year Hours Used
1 2,000
2 2,000
3 2,000
4 3,000

3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations. Round answers to the nearest whole dollar.)

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