Saved Required information [The following information applies to the questions displayed below. Cheetah Copy purchased a

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Saved Required Information The Following Information Applies To The Questions Displayed Below Cheetah Copy Purchased A 1 (45.67 KiB) Viewed 232 times

Saved 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 WP 2 3 4 Hours Used 2,800 2,800 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 S 0