1313 Required information Problem 7-58 Determine depreciation under three methods (L07-4) [The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $128,000 including installation. The company estimates the equipment will have a residual value of $32,000. 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: its Year 1 2 3 4 tours Used 2,100 1.900 1.900 3,300 Print Problem 7-5B Part 3 References 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" 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 $