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Question: Given Data: URBAN CAR WASH Cost Of New Car Wash Machines Estimated Residual Value Machine Life In Years Machine Lif... Given Data: URBAN CAR
Question: Given Data: URBAN CAR WASH Cost Of New Car Wash Machines Estimated Residual Value Machine Life In Years Machine Lif... Given Data: URBAN CAR WASH Cost of new car wash machines Estimated residual value Machine life in years Machine life in hours $260.000 $ 20,000 6 10.000 Actual use per year. Hours Year Used 1 2,000 2 2,000 3 1,500 4 1,800 5 1,300 6 1,400 Use the information on the Given Data worksheet to prepare three depreciation schedules using the following methods: straight-line, double-declining balance, and activity-based. Urban Car Wash Straight-Line Calculation End-of-Year Amounts Depreciable Depreciation Depreciation Depreciation Accumulated Book Year Cost Rate Expense Depreciation Value 2 3 4 5 5 Total Urban Car Wash Double-Declining-Balance Calculation End-of-Year Amounts Depreciation Depreciation Accumulated Book X Rate Expense Depreciation Value Beginning Book Value Year 1 2 3 3 4 5 6 Total Urban Car Wash Activity-Based Calculation End-of-Year Amounts Depreciation Depreciation Accumulated Book Rate Expense Depreciation Value Hours Used Year 1 2 3 4 5 6 Total
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