Question: Required informotion 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
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Required informotion 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 $134,000 including instaliation. The company ertimates the equipment will have a residual value of $33,500. Quick Copy also estimates it wil use the machine for four years or about 8.000 total hours. Actual use per year was as follows. Problem 7-5B (Algo) Part 3 3. Prepore deprecistion schedule for four years using the activity based method. (Round your "Depreclation Rate" to 3 decimal places and use this omount in all subsequent calculations. Round answers to the nearest whole dollac.) 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 $134,000 includi estimates the equipment will have a residual value of $33.500. Quick Copy also estin years or about 8,000 total hours. Actual use per year was as follows: Problem 7-5B (Algo) Part 3 3. Prepare a depreciation schedule for four years using the activity-based method. (Round ploces and use this amount in all subsequent calculations. Round answers to the nearest
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