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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
Required information
The following information applies to the questions displayed below.
University Car Wash purchased new soap dispensing equipment that cost $ including installation. The company estimates that the equipment will have a residual value of $ University Car Wash also estimates it will use the machine for six years or about total hours. Actual use per year was as follows:
tableYearHours Used
Required:
Prepare a depreciation schedule for six years using the straightline method. Do not round your intermediate calculations.
tableUNIVERSITY CAR WASHDepreciation ScheduleStraightLineEnd of Year AmountsYeartableDepreciationExpensetableAccumulatedDepreciationBook Value
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