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2 of 2 Required information [The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $116,000 including installation. The company estimates the equipment will have a residual value of $29,000. 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: Hours Used 1 2,880 2,000 2,000 2.000 Year 2. 3 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH COPY Depreciation ScheduleStraight-Une End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value Year 1 2 3 4 Total $ 0 Required information [The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $116,000 including installation. The company estimates the equipment will have a residual value of $29,000. 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: Year Hours Used 2,800 2 2,000 2,000 2,000 1 3 4 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 Book Value Expense Depreciation Year 1 2 3 4 Total $