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Required information [The following information applles to the questions displayed below] Quick Copy purchased a...

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Accounting

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Required information [The following information applles to the questions displayed below] Quick Copy purchased a new copy machine. The new mochine cost $112,000 including installation. The company estimates the equipenent will hove a residual value of $28,000. Quick Copy also estimates it will use the mochine for four years or about 8,000 total hours. Actual use per year was as follows: 2. Prepare a depreciation schedule for four years using the double-declining balance method. (Hint The asset wil be depreciated in only two years) (Do not round your intermediate calculations.)

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