Question: One Stop Copy purchased a new copy machine. The new machine cost $126,000 including installation. The company estimates the equipment will have a residual
One Stop Copy purchased a new copy machine. The new machine cost $126,000 including installation. The company estimates the equipment will have a residual value of $31,500. One Stop 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 Hours Used 2,000 2,000 3 2,000 3,200 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. Round answers to the nearest whole dollar.) ONE STOP COPY Depreciation Schedule-Activity-Based End of Year Amounts Year Depreciation Expense 1 2 3 4 Total Accumulated Book Value Depreciation Check
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