Question: Required information Problem 7 - 5 B ( Algo ) Determine depreciation under three methods ( LO 7 - 4 ) [ The following information
Required information
Problem B Algo Determine depreciation under three methods LO
The following information applies to the questions displayed below.
Quick Copy purchased a new copy machine. The new machine cost $ including installation. The company
estimates the equipment will have a residual value of $ Quick Copy also estimates it will use the machine for four
years or about total hours. Actual use per year was as follows:
Problem B Algo Part
Prepare a depreciation schedule for four years using the activitybased method. Round your "Depreciation Rate" to decimal
places and use this amount in all subsequent calculations. Round answers to the nearest whole dollar.
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