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Business, 06.05.2020 02:14 maycigrimaldi4990
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.
Required:
Prepare a depreciation schedule for six years using the following methods:
1. Straight Line
2. Double-Declining-Balance
3. Activity-Based
Actual use per year was as follows:
Year Hours Used
a. 2,600
b. 2,100
c. 2,200
d. 1,800
e. 1,600
f. 1,700
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Answers: 2
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University Car Wash built a deluxe car wash across the street from campus. The new machines cost 240...
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