Quick Copy purchased a new copy machine. The new machine cost $$106,000$ including installation. The company

estimates the equipment will have a residual value of $$26,500.$ Quick 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 $7-5$B $($Algo$)$ Part $1$

Required:

Prepare a depreciation schedule for four years using the straight$-$line method. $($Do not round your intermediate calculations.$)$