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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 $219,000 including installation. The
Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 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: quired: repare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 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: Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate alculations.) [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 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: epare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal and use this amount in all subsequent calculations.)
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