Question: Problem 7 - 5 A ' ( Algo ) Determine depreciation under three methods ( LO 7 - 4 ) [ The following information applies

Problem 7-5A'(Algo) Determine depreciation under three methods (LO7-4)
[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that 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:
\table[[Year,Hours Used],[1,2,800],[2,1,400],[3,1,500],[4,2,500],[5,2,300],[6,1,500]]
Problem 7-5A (Algo) Part 1
Required:
Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)
\table[[UNIVERSITY CAR WASH],[Depreciation Schedule-Straight-Line],[End of Year Amounts],[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[1,,,],[2,,,],[3,,,],[4,,,],[5,,vil,],[6,,,]]
 Problem 7-5A'(Algo) Determine depreciation under three methods (LO7-4) [The following information

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