this is part 1 please complete this for me i dont have enough time plzzz...
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this is part 1 please complete this for me i dont have enough time plzzz
Required information The following information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $261,000 including installation. The company estimates that the equipment will have a residual value of $27.000. 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: 7:46 Year AN 1 2 3 4 5 6 Hours Used 2,800 1,400 1,500 2,500 2,300 1,500 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) Year 1 2 3 UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 39,000 5 39,000 $ 174,000 39.000 78,000 39,000 117,000 39,000 156.000 39,000 195,000 39,000 234,000 $ 234,000 4 5 6 Total
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