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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:

Year Hours Used
1 3,000
2 1,200
3 1,300
4 2,700
5 2,500
6 1,800

Prepare a depreciation schedule for six years using the double-declining-balance method.

image text in transcribed

and the activity method with the same information! :

Thank you!

UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 71,000 Year 1 2 47,333 3 31,556 4 21,037 5 14,025 6 8,549 193,500 Total $

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