Required information Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below.] Quick Copy purchased a new copy machine. The new machine cost $128,000 including installation. The company estimates the equipment will have a residual value of $32,000. 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: Year 1 Hours Used 1234 2,100 1,900 1,900 3,300 Problem 7-5B (Algo) 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. Round answers to the nearest whole dollar.) QUICK COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 $ 25,200 $ 25,200 $ 102,800 2 22,800 45,600 82,400 3 22,800 68,400 59,600 4 Total $ 70,800