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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 $249,000, including installation. The company estimates that the equipment will have a residual value of $25,500. 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: 2. Prepare a depreciation schedule for six years using the double-declining-balance method. Note: Do not round your intermediate calculations
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