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what is the book value please Check my 6 O Required information [The following information applies to the questions displayed below.) 1013 University Car Wash
what is the book value please
Check my 6 O Required information [The following information applies to the questions displayed below.) 1013 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $240,000 including installation. The company estimates that the equipment will have a residual value of $30,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Look Print Year 1 2 3 4 Moroncos Hours Used 2,600 2,1ee 2,200 1,800 1,600 1,700 Required: 1. Prepare a depreciation schedule for six vears using the straiaht-line method. (Do not round vour intermediate calculation ww O Check my world 6 Required: 1. Prepare a depreciation schedule for six years using the straight line method. (Do not round your intermediate calculations.) Part 1 Dots Year eBook 1 2 3 UNIVERSITY CAR WASH Depreciation Schedulin-Straight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 35,000 $ 35,000 35,000 70,000 35,000 105,000 35,000 140,000 35,000 175.000 35,000 210,000 $ 210,000 Pent Rinne 5 Total Ac Taw Step by Step Solution
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