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Saved 0 Required information The following information applies to the questions displayed below) Cheetah Copy purchased
Posted: Thu May 19, 2022 2:03 pm
by answerhappygod
- Saved 0 Required Information The Following Information Applies To The Questions Displayed Below Cheetah Copy Purchased 1 (41.46 KiB) Viewed 107 times
Saved 0 Required information The following information applies to the
questions displayed below) Cheetah Copy purchased a new copy machine. The new machine cost $106.000 including installation. The
company estimates the equipment will have a residual value of $26,500 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 Hours Used 1 2 3 4 2,00 2,000 2,000 3,200 Required: 1. Prepare a depreciation schedule for four years using the straight-line method (Do not round your intermediate calculations.) CHEETAH COPY Depreciation Schedule Straight Line End of Year Amounts Year Depreciation Accumulated Expense Book Value Depreciation 1 2 3 4 Total