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Required information

Problem $7-5$B $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

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

While You Wait Copy purchased a new copy machine. The new machine cost $$130,000$ including installation. The company estimates the equipment will have a residual value of $$32,500.$ 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:

$\backslash$table$[[$Year$,$Hours Used$],[1,2,000],[2,2,000],[3,2,000],[4,3,200]]$

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.$)$