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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $213,000 including installation. The company estimates that the
University Car Wash built a deluxe car wash across the street from campus. The new machines cost $213,000 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:
YearHours Used13,00021,20031,30042,70052,50061,800
2.Prepare depreciation schedule for six years using the double-declining-balance method.(Do not round your intermediate calculations.)
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