[The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing...

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[The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 3 4 Year Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) 5 Hours Used 2,800 1,400 1,500 2,500 2,300 2,000 UNIVERSITY CAR WASH Depreciation Schedule Straight-Line End of Year Amounts $ Depreciation Expense Accumulated Depreciation 72,270 $ 48,420 32,442 21,736 14,563 72,270 $ -120,690 153,132 174,868 189,431 www. Book Value 146,730 98,310 65,868 44,132 29,569 [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 Year 1 2 2 3 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) Hours Used 2,800 1,400 1,500 2,500 2,300 2,000 UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of Year Amounts Accumulated Depreciation Depreciation Expense Book Value Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 Year 1 2 3 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.) Hours Used 2,800 1,400. 1,500 2,500 2,300 2,000 UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts $ Depreciation Expense Accumulated Depreciation 33,250 $ 33,250 Book Value 33,250 $ 66,500 185,750 152,500 [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 3 4 Year Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) 5 Hours Used 2,800 1,400 1,500 2,500 2,300 2,000 UNIVERSITY CAR WASH Depreciation Schedule Straight-Line End of Year Amounts $ Depreciation Expense Accumulated Depreciation 72,270 $ 48,420 32,442 21,736 14,563 72,270 $ -120,690 153,132 174,868 189,431 www. Book Value 146,730 98,310 65,868 44,132 29,569 [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 Year 1 2 2 3 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) Hours Used 2,800 1,400 1,500 2,500 2,300 2,000 UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of Year Amounts Accumulated Depreciation Depreciation Expense Book Value Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $219,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 Year 1 2 3 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.) Hours Used 2,800 1,400. 1,500 2,500 2,300 2,000 UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts $ Depreciation Expense Accumulated Depreciation 33,250 $ 33,250 Book Value 33,250 $ 66,500 185,750 152,500