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Required Information [The following Information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The
Required Information [The following Information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $246.000 Including Installation. The company estimates that the equipment will have a residual value of $27.000. 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 2,800 1,900 2.000 2,000 1,800 1,500 2 Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Year Depreciation Accumulated Expense Depreciation Book Value Total 0
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