Question: Problem 7 - 5 A ' ( Algo ) Determine depreciation under three methods ( LO 7 - 4 ) [ The following information applies
Problem AAlgo Determine depreciation under three methods LO
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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
Problem A Algo Part
Required:
Prepare a depreciation schedule for six years using the straightline method. Do not round your intermediate calculations.
tableUNIVERSITY CAR WASHDepreciation ScheduleStraightLineEnd of Year AmountsYeartableDepreciationExpensetableAccumulatedDepreciationBook Valuevil,
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