$9$

Required information

Problem $7-5$B $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

$[$The following information applies to the questions displayed below.$]$

Quick 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.$ Quick Copy also estimates it will use the machine for four years or about $8,000$ total hours. Actual use per year was as follows:

$\backslash$table$[[$Year$,\backslash$table$[[$Hours$],[$Used$]]],[1,2,100],[2,1,900],[3,1,900],[4,3,300]]$

Problem $7-5$B $($Algo$)$ Part $1$

Required:

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

$\backslash$table$[[$QUICK COPY$],[$Depreciation Schedule$-$Straight$-$Line$],[$End of Year Amounts$],[$Year$,\backslash$table$[[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[1,,,],[2,,,],[3,,,],[4,,,],[$Total$,,,]]$