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Part 2 is Double Declining-BalancePart 3 is Activity Based ...

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Accounting

Part 2 is Double Declining-Balance
Part 3 is Activity Based
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Required information Problem 7-5B Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below. Cheetah Copy purchased a new copy machine. The new machine cost $116,000 including installation. The compary estimates the equipment will have a residual value of $29,000. 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: Problem 7-5B Part 2 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (-lint: The asset will be depreciated in only two years.) (Do not round your intermediate calculations.) 3. Prepare a depreciation schedule for four years using the activity-based method. FRound your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations.)

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