Check my work University Car Wash built a deluxe car wash across the street from campus. The new machines cost $228,000 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: Year 1 2 3 4 5 6 Hours Used 3,000 1,700 1,800 2,200 2,000 1,300 35 Required: 1. Prepare a depreciation schedule for six years using the straight-line method (Do not round your intermediate calculations.) 9 11 10 of 17 20 O RE c signment Saved Help Save & Exit Subm Check my work 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule--Straight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 6 Total Check my work University Car Wash built a deluxe car wash across the street from campus. The new machines cost $228,000 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: Year 1 2 3 4 5 Hours Used 3,000 1,700 1,800 2,200 2,000 1,300 2. Prepare a depreciation schedule for six years using the double declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH 791 9:20 PM 6:27201 o ti 2 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 N 3 4 5 6 Total 790 G O 921 PM 40 6222001 Check my work University Car Wash built a deluxe car wash across the street from campus. The new machines cost $228,000 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: Year 1 2 3 4 5 6 Hours Used 3,000 1,700 1,800 2,200 2,000 1,300 39 3. 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.) UNIVERSITY CAR WASH 7995 o Go 92 W2021 i 2 Check my work 3. 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.) UNIVERSITY CAR WASH Depreciation Schedule --Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 6 Total 3 21 PM T9F630 I! 3)
