Question: how do you find the book value 1 2 3 4 5 6 UEU 2,700 2,000 2,100 1,900 1,700 2,100 2. Prepare a depreciation schedule

how do you find the book value
how do you find the book value 1 2 3 4 5
6 UEU 2,700 2,000 2,100 1,900 1,700 2,100 2. Prepare a depreciation

1 2 3 4 5 6 UEU 2,700 2,000 2,100 1,900 1,700 2,100 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) Year 1 2 3 4 5 6 UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 45.036s 45,036 33,360 78.396 35 028 113 424 31,692 145, 116 28 356 173,472 35028 208,500 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 $237000 including installation. The company estimates that the equipment will have a residual value of $28,500. 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 Year 1 2 Hours Used 2,700 2,000 2,100 1,900 1,700 2,100 4 5 Required: 1. Prepare a depreciation schedule for six years using the straight line method (Do not round your intermediate calculations.)

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