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 $124.000 including installation. The company estimates the equipment will have a residual value of $31.000. 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: Hours Used 2,eee Year 1 2 3 4 2,eee 2,eee 3,eee 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 ScheduleActivity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 Total