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
Prepare a depreciation schedule for six years using the doubledecliningbalance method. Do not round your intermediate calculations.
tableUNIVERSITY CAR WASHDepreciation ScheduleDoubleDecliningBalance,YeartableDepreciationExpensetableAccumulatedDepreciationBook Value,
