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

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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:

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YearHours Used$13,00021,70031,80042,200$

Problem $7-5$B $($Algo$)$ Part $1$

Required:

$1.$ Prepare a depreciation schedule for four years using the straight$-$line method. $($Do not round your intermediate calculations.$)$

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