ACCT 2301

Please help me finish this.

University Car Wash purchased new soap dispensing equipment that cost $255,000 including installation. The company estimates that the equipment will have a residual value of $22,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows:

Year	Hours Used
1	3,100
2	1,600
3	1,700
4	2,300
5	2,100
6	1,700

1. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)

** Please show me how accumulated depreciation and book value is calculated **

2. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)

**Please show work on how to calculate accumulated depreciation and book value.**

Answer is not complete. UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of Year Amounts Answer is not complete. UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts