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Cheetah Copy purchased a new copy machine. The new machine cost $136,000 including installation. The company...

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Advance Math

Cheetah Copy purchased a new copy machine. The new machine cost$136,000 including installation. The company estimates theequipment will have a residual value of $34,000. Cheetah Copy alsoestimates it will use the machine for four years or about 8,000total hours. Actual use per year was as follows:

YearHours Used
12,900
21,900
31,900
43,500

2. Prepare a depreciation schedule for fouryears using the double-declining-balance method.

CHEETAH COPY
DepreciationSchedule—Double-Declining-Balance
End of Year Amounts
YearDepreciation ExpenseAccumulated DepreciationBook Value
1
2
3
4
Total$0

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