Required information Problem 7-58 Determine depreciation under three methods (LO7-4) The following information applies to the questions displayed below) Cheetah Copy purchased a new copy machine. The new machine cost $108.000 including installation. The company estimates the equipment will have a residual value of $27,000. Cheeten Copy also estimates it will use the machine for four years or about 8.000 total hours. Actual use per year was as follows Veed 3,000 1,430 3,430 Problem 7-58 Part 1 Required 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.) CHESTAR COPY End of The An Depreciation 1 T 21.250 20.250 17.000 2 2250 40.500 30,350 66,750 . 20.250) 81.000 fri " 1.000