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 $106.000 including installation. The company estimates the equipment will have a residual value of $26,500. 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: Problem 7-5B (Algo) Part 1 Required: 1. Prepare a depreciation schedule for four years using the straighttine method. (Do not round your intermediate calculations). 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint The asset will be depreciated in only two years.) (Do not round your intermediate calculations.) 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 caleulations. Round answers to the nearest whole dollor)