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

Required informotion Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4)[The following information applies fo the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost \(\$ 255,000\) including installation. The compary estimates that the equipment wil have a residual value of \(\$ 22,500\). University Car Wosh also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Problem 7-5A (Algo) Part 1 Required: 1. Prepate a depreciation schedule for six years using the straight line method. (Do not round your intermediote colculations.)Required: 1. Prepare a depreclation schedule for six years using the straight-line method. (Do not round your intermediate colculations.)

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