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Required information [ The following information applies to the questions displayed below. ] University Car Wash purchased new soap dispensing equipment that cost $ 2

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Required information
[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $216,000 including installation. The company
estimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use the
machine for six years or about 12,500 total hours. Actual use per year was as follows:
Required:
Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)
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