One Stop Copy purchased a new copy machine. The new machine cost $132,000 including installation....
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One Stop Copy purchased a new copy machine. The new machine cost $132,000 including installation. The company estimates the equipment will have a residual value of $33,000. One Stop 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 1 2,000 2 2,000 3 2,000 4 3,000 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate
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