Required information [The following information applies to the questions displayed below.] Quick Copy purchased a...
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Required information [The following information applies to the questions displayed below.] Quick Copy purchased a new copy machine. The new machine cost $100,000 including installation. The company estimates the equipment will have a residual value of $25,000. Quick Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal aces and use this amount in all subsequent calculations. Round answers to the nearest whole dollar.)
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Required information [The following information applies to the questions displayed below.] Quick Copy purchased a new copy machine. The new machine cost $100,000 including installation. The company estimates the equipment will have a residual value of $25,000. Quick Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal aces and use this amount in all subsequent calculations. Round answers to the nearest whole dollar.) 