Required information Problem 7-5B 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 $126,000 including installation. The company estimates the equipment will have a residual value of $31,500. Cheetah Copy also estimates it will use the machine for four years of about 8.000 total hours. Actual use per year was as follows: Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate colculations.)