Question: with this info i need the entrys for using a straight line method, double-declining-balance method, and activity based method. The following information applies to the




The following information applies to the questions displayed below) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $234,000 including installation. The company estimat $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: Year Hours Used 2.800 1.900 2.000 2.000 1,800 1500 es cost $234,000 including installation. The company estimates that the equipment will have a residual value of 000 total hours. Actual use per year was as follows: Required: 1. Prepare a depreciation schedule for six years using the straight-line metho UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation Year OTT 2. 3 Total 2. Prepare a depreciation schedule for six years using the double-declining-balance method UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Book Value Expense Depreciation 1 2 Year Depreciation 3 4 TSI Total 3. Prepare a depreciation schedule for six years using the activity-based method. (Ro UNIVERSITY CAR WASH Depreciation Schedule --Activity-Based End of year amounts Depreciat Expense Depreciation ed Book Value Year nown Total
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