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You only solved for the straight line method. Can you please also solve for the double-decline-balance method and the activity based method with the same
You only solved for the straight line method. Can you please also solve for the double-decline-balance method and the activity based method with the same tables? Thank you!
University Car Wash purchased new soap dispensing equipment that cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. 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: Year 1 2355NL 6 Hours Used 3,100 1,100 1,200 2,800 2,600 1,200 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 derimal places and use this amount in all subsequent calculations.)
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