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13 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $267,000 including Installation. The company estimates that
13 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $267,000 including Installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Part 2013 Year 1 0.88 points Hours Used 3,000 1,200 1,300 2,700 2,500 1.300 BOOK 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) Heerences UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Galanon End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 5 . To 5
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