Three part Question: Quick Copy purchased a new copy machine. The new machine cost $$122,000$ including installation. The company estimates the equipment will have a residual value of $$30,500.$ 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:

Year Hours Used

$12,000$

$22,000$

$32,000$

$43,200$Quick Copy purchased a new copy machine. The new machine cost $$122,000$ Including Installation. The company

estimates the equipment will have a residual value of $$30,500.$ 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 $7-5$B $($Algo$)$ Part $2$

Prepare a depreclation schedule for four years using the double$-$declining$-$balance method. $($Hint: The asset will be depreclated in

only two years.$)($Do not round your Intermedlate calculations.$)$Quick Copy purchased a new copy machine. The new machine cost $$122,000$ Including Installation. The company

estimates the equipment will have a residual value of $$30,500.$ 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 $7-5$B $($Algo$)$ Part $2$

Prepare a depreclation schedule for four years using the double$-$declining$-$balance method. $($Hint: The asset will be depreclated in

only two years.$)($Do not round your Intermedlate calculations.$)$