Problem A Algo Determine depreciation under three methods LO
The following information applies to the questions displayed below.
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
Problem A Algo Part
Prepare a depreciation schedule for six years using the doubledecliningbalance method. Do not round your intermediate calculations.
Answer is complete but not entirely correct.
UNIVERSITY CAR WASH
tableUNIVERSITY CAR WASHDepreciation ScheduleDoubleDecliningBalanceEnd of Year AmountsYeartableeciationoensetableAccumulatedDepreciationBook Value$
