Required information Problem 7-5B 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 $104,000 including installation. The company estimates the equipment will have a residual value of $26.000. 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 2,900 1,300 1,400 2,600 Problem 7-5B Part 2 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.) Problem 7-5B Part 2 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.) CHEETAH COPY Depreciation Schedule Double Declining Balance End of Year Amounts Year Depreciation Accumulated Expense Depreciation Book Value ces Total