Prepare a depreciation schedule for four years using the activity-based method

timer Asked: Jul 5th, 2015

Question Description

Cheetah Copy purchased a new copy machine. The new machine cost $134,000 including installation. The company estimates the equipment will have a residual value of $33,500. 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 Hours Used

1 = 2,800

2= 2,000

3= 2,000

4= 3,200 

I need the depreciation expense, accumulated depreciation, and book value using the activity based method

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