Business, 07.04.2020 19:18 jaheimnorman590

Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. 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 3,000
2 2,000
3 2,000
4
2,000

a. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)

b. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in only two years.) (Do not round your intermediate calculations.)

c. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places.)

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Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The...