Question

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.

Required:
Prepare a depreciation schedule for four years using the following methods:
1. Straight-line.
2. Double-declining-balance.
3. Activity-based. Actual use per year was as follows:
Year Hours Used
1 ........ 3,000
2 ........ 2,000
3 ........ 2,000
4 ........ 2,000



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  • CreatedJuly 15, 2014
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