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 **

X Answer is not complete. UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Year Depreciation Accumulated Book Value Expense Depreciation S 57,660 V S 57,660 V 197,340 V 2 29,760 3 31,620 4 42,780 5 39,060 6 31,620 Total S 232,500X Answer is not complete. UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of Year Amounts Year Depreciation Accumulated Expense Depreciation Book Value $ 84,992 V $ 84,992 V 2 56,664 3 37,778 4 25,186 V 5 16,792 V 11,088 Total $ 232,500