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Please show calculations with work - thank you :) Required information [The following information applies to the questions displayed below.] University Car Wash purchased new
Please show calculations with work - thank you :)
Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that 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: 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate :alculations.)Step by Step Solution
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