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

$$Determine depreciation under three methods $($L$07-4)$

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

While You Wait Copy purchased a new copy machine. The new machine cost $

$1$

$1$

$6$

$,$

$0$

$0$

$0$

including installation. The company estimates the equipment will have a residual value of

$

$2$

$9$

$,$

$0$

$0$

$0$

$.$

$$While You Wait Copy also estimates it will use the machine for four years or

about

$8$

$,$

$0$

$0$

$0$

$$total hours. Actual use per year was as follows:

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.$)$