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help please Required information [The following information applies to the questions displayed below] University Car Wash built a deluxe cat wash across the street from

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Required information [The following information applies to the questions displayed below] University Car Wash built a deluxe cat wash across the street from campus. The new machines cost $261,000, including installation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for 51x years or about 12,000 total hours. Actual use per year was as follows: Required: 1. Prepare a depreciation schedule for six years using the straight-line method. Note: Do not round your intermediate calculations. Required information [The following information applies to the questions displayed below] On January 1, Speedy Delivery Company purchases a delivery van for $32,000. Speedy estimates that at the end of its four-year service life, the van will be worth $6,000. During the four-year period, the company expects to drive the van 130,000 miles. Actual miles driven each year were 35,000 miles in year 1 and 38,000 miles in year 2 . Required: Calculate annual depreciation for the first two years using each of the following methods. Note: Do not round your intermediate calculations. 1. Straight-line. 3 Answer is complete but not entirely correct

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