Required information Problem 7-58 Determine depreciation under three methods (L07-4) [The following information applies to the questions displayed below.) Cheetah 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. Cheetah Copy also estimates it will use the machine for four years or about 8.000 total hours. Actual use per year was as follows: Year 1 2 Hours Uned 3.000 1,700 1.800 2.200 4 Problem 7-5B Part 1 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH COPY Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Accumulated Year Expense Book Value Depreciation 1 2 Homework 3,000 1,700 1.800 2,200 Problem 7-5B Part 1 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHEETAH COPY Depreciation ScheduleStraight-Line End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value 1 2 3 Total Homework saved Required information Problem 7-58 Determine depreciation under three methods (L07-4) [The following information applies to the questions displayed below.) Cheetah 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. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: 12 Year 1 2 3 Hours Used 3,000 1,700 1,800 2,200 Problem 7-5B Part 3 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations.) CHEETAH COPY Depreciation Schedule Activity-Based End of Year Amounts Depreciation Accumulated Book Value Experise Depreciation Yoar 1 2 mheducation.com/ext/map/index.html?_conncon external browser.Oblaunchurahttp%253A%252F%252Fnewconnectmheducation.com%252F/ Homework Seved 3,000 1,700 1.800 2.200 Problem 7-5B Part 3 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations.) CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 Total