Question: part 1,2,3 pleasee! Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below] While You Wait Copy
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Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below] While You Wait Copy purchased a new copy machine. The new machine cost $104,000 including installation. The company estimates the equipment will have a residual value of $26,000. While You Wait Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Problem 7-5B (Algo) Part 1 Required: Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations. Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below] While You Wait Copy purchased a new copy machine. The new machine cost $104,000 including instaliation. The company estimates the equipment will have a residual value of $26,000. While You Wait Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: roblem 7-5B (Algo) Part 2 Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint-The asset will be depreciated in nly two years.) (Do not round your intermediate calculations.) Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below] While You Wait Copy purchased a new copy machine. The new machine cost $104,000 including installation. The company estimates the equipment will have a residual value of $26,000. While You Wait Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Problem 7-5B (Algo) Part 3 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.)
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