University Car Wash built a deluxe car wash across the street from campus. The new machines cost $237,000 including installation. The company estimates that the equipment will have a residual value of $28,500. 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:

Year	Hours Used
1	2,700
2	2,000
3	2,100
4	1,900
5	1,700
6	2,100

8.

value: 6.92 points

Required information

Required:

1.	Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations. Round your answers to the nearest dollar amount.)

References

eBook & Resources

Problem ADifficulty: MediumLearning Objective: 07-04 Calculate depreciation of property, plant, and equipment.

Check my work

9.

value: 6.92 points

Required information

2.	Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations. Round your answers to the nearest dollar amount.)

References

eBook & Resources

Problem ADifficulty: MediumLearning Objective: 07-04 Calculate depreciation of property, plant, and equipment.

Check my work

10.

value: 6.92 points

Required information

3.	Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)