Use the information on the Given Data worksheet to prepare three depreciation schedules using the following methods:
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Auburn Car Wash
Straight Line
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Auburn Car Wash
Double-Declining-Balance
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Note: for year 5 you must make the year end book value equal to the Residual Value Therefore you will need to take the beginning book value less the Residual Value
Auburn Car Wash
Activity-Based
When you have completed all three schedules answer the following question.
What do you observe about the Book Value at the end of the 5th year for all three methods?
Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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