You skipped this question in the previous attempt Required Information Problem 7-58 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 $106,000 including installation. The company estimates the equipment will have a residual value of $26,500. 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: 1 3 2,000 2.650 2.000 3.200 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 DICTAR CON Danciation Sight in YA Decio Acom Hi appuis quesuon in the previous attempt Year 1 2 3 4 Hou Used 2,800 2,000 2,000 3,200 Problem 7-5B Part 1 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your Intermediate calcul CHEETAH COPY Depreciation ScheduleStraight line End of Year Amounts Year Depreciation Accumulated Expense Book Valu Depreciation 1 2 3 4. Total $