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Saved Required information [The following information applies to the questions displayed below) Cheetah Copy purchased a
Posted: Thu May 19, 2022 2:03 pm
by answerhappygod
- Saved Required Information The Following Information Applies To The Questions Displayed Below Cheetah Copy Purchased A 1 (43.98 KiB) Viewed 122 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 1 2. 3 4 Hours Used 2,800 2,000 2,000 3,200 3. Prepare a depreciation schedule for four years using the activity-based method (Round your "Depreciation Rote" to 3 decimal places and use this amount in all subsequent calculations.) CHEETAH COPY Depreciation Schedule - Activity Based End of Year Amounts Depreciation Accumulated Expense Book Value Depreciation Year 1 2 3 4 Total