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Problem $7-5$A $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

$[$The following information applies to the questions displayed below$]$

University Car Wash purchased new soap dispensing equipment that cost $$267,000$ including installation. The company estimates that the equipment will have a residual value of $$24,000.$ 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:

$\backslash$table$[[$Year$,$Hours Used$],[1,3,000],[2,1,200],[3,1,300],[4,2,700],[5,2,500],[6,1,300]]$

Problem $7-5$A $($Algo$)$ Part $1$

Required:

Prepare a depreciation schedule for six years using the straight$-$line method $($Do not round your intermediate calculations.$)$

$\backslash$table$[[$UNIVERSITY CAR WASH$],[$Depreciation Schedule $-$ Straight$-$Line$],[$End of Year Amounts$],[$Year$,,\backslash$table$[[$ciation$],[$ense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[1,$$$,40,500,,],[2,,40,500,,],[3,,40,500,,],[4,,40,500,,],[5,,40,500,,],[6,,40,500,,],[$Total$,$$$,243,000,,]]$

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Required information

Problem $7-5$A $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

$[$The following information applies to the questions displayed below$]$

University Car Wash purchased new soap dispensing equipment that cost $$267,000$ including installation. The company estimates that the equipment will have a residual value of $$24,000.$ 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:

$\backslash$table$[[$Year$,$Hours Used$],[1,3,000],[2,1,200],[3,1,300],[4,2,700],[5,2,500],[6,1,300]]$

Problem $7-5$A $($Algo$)$ Part $1$

Required:

Prepare a depreciation schedule for six years using the straight$-$line method $($Do not round your intermediate calculations.$)$

$\backslash$table$[[$UNIVERSITY CAR WASH$],[$Depreciation Schedule $-$ Straight$-$Line$],[$End of Year Amounts$],[$Year$,\backslash$table$[[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[1,40,500,,],[2,40,500,,],[3,40,500,,],[4,40,500,,]]$

$!$

Required information

Problem $7-5$A $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

$[$The following information applies to the questions displayed below$]$

University Car Wash purchased new soap dispensing equipment that cost $$267,000$ including installation. The company estimates that the equipment will have a residual value of $$24,000.$ 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:

$\backslash$table$[[$Year$,$Hours Used$],[1,3,000],[2,1,200],[3,1,300],[4,2,700],[5,2,500],[6,1,300]]$

Problem $7-5$A $($Algo$)$ Part $1$

Required:

Prepare a depreciation schedule for six years using the straight$-$line method. $($Do not round your intermediate calculations.$)$

$\backslash$table$[[$UNIVERSITY CAR WASH$],[$Depreciation Schedule $-$ Straight$-$Line$],[$End of Year Amounts$],[$Year$,\backslash$table$[[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[1,$$$,40,500,,],[2,40,500,,],[3,40,500,,],[4,40,500,55,]]$