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University Car Wash purchased new soap dispensing equipment that cost $ 2 4 0 , 0 0 0 including installation. The company estimates that the
University Car Wash purchased new soap dispensing equipment that cost $ including installation. The company estimates that the equipment will have a residual value of $ University Car Wash also estimates it will use the machine for six years or about total hours. Actual use per year was as follows:
tableYearHours Used
Required:
Prepare a depreciation schedule for six years using the straightline method.
Do not round your intermediate calculations.
tableUNIVERSITY CAR WASHDepreciation Schedule StraightLineEnd of Year AmountsYeartableDepreciationExpensetableAccumulatedDepreciationBook ValueTotal$
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