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Determin depreciation under activity-based method? 5 Part 3 of...

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Accounting

Determin depreciation under activity-based method?
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5 Part 3 of 3 1 points 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 $104,000 including installation. The company estimates the equipment will have a residual value of $26,000. 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: Year Toure ed 2,900 1,300 1,400 4 2.600 Problem 7.5B Part 3 Part 3 of 3 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rat places and use this amount in all subsequent calculations.) 1 points Year Answer is complete but not entirely correct. CHEETAH COPY Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated Book Value Expense Depreciation $ 28.275s 28.275ls 75,725 12,675 25,3553 78045 13,650 40,940 63.000 19,000 3 73,600 30.400 S 73,600 1 2 3 4 Total

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