Problem 7-5B Determine depreciation under three methods (L07-4) [The following information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine. The new machine cost $102,000 Including Installation. The company estimates the equipment will have a residual value of $25,500. 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 2,000 1,200 2, eee 3, eee Problem 7-5B Part 1 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your Intermediate calculations.) CHEETAH COPY Depreciation Schedule-Straight-Line End of Year Amounts Year Depreciation Accumulated Book Value Expense Depreciation 2 3 Total $ 0 Problem 7-5B Determine depreciation under three methods (L07-4) [The following Information applies to the questions displayed below.] Cheetah Copy purchased a new copy machine. The new machine cost $102,000 Including Installation. The company estimates the equipment will have a residual value of $25,500. 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 2,000 1,200 2, eee 3,90 Problem 7-5B Part 2 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in only two years.) (Do not round your Intermediate calculations.) CHEETAH COPY Depreciation Schedule-Double-Declining-Balance Year End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value Totals Problem 7-5B Determine depreciation under three methods (L07-4) [The following information applies to the questions displayed below.] Cheetah Copy purchased a new copy machine. The new machine cost $102,000 Including Installation. The company estimates the equipment will have a residual value of $25,500. 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 2, eee 1,200 2,eee 3,eee Problem 7-5B 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.) CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation Year