Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4) University Car Wash purchased new soap...
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Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4)
University Car Wash purchased new soap dispensing equipment that cost $210,000 including installation. The company estimates that the equipment will have a residital value of $19,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows:
Problem 7.5A (Algo) Part 3 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)
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