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Required information Skip to question [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $222,000
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[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $222,000 including installation. The company estimates that the equipment will have a residual value of $21,000. 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 | Hours Used |
---|---|
1 | 2,700 |
2 | 1,500 |
3 | 1,600 |
4 | 2,400 |
5 | 2,200 |
6 | 1,600 |
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