Required information

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

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

Quick Copy purchased a new copy machine. The new machine cost $$112,000$ including installation. The company

estimates the equipment will have a residual value of $$28,000.$ 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 $2$

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.$)$