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3 3 Part 1 of 3 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 $124.000 including installation. The company estimates the equipment will have a residual value of $31.000. 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: - 4.16 points 8 04:18:26 Year 1 Hours Used 2,eee 2,080 2,eee 3, eee eBook A Print Problem 7-5B Part 1 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your Intermediate calculations.) Peterences CHEETAH COPY Depreciation ScheduleStraight-Line End of Year Amounts Depreciation Accumulated Book Value Expense Year Depreciation 2 Total