Question: You only solved for the straight line method. Can you please also solve for the double-decline-balance method and the activity based method with the same

You only solved for the straight line method. Can you please also solve for the double-decline-balance method and the activity based method with the same tables? Thank you!
University Car Wash purchased new soap dispensing equipment that cost $270,000 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: Year 1 2355NL 6 Hours Used 3,100 1,100 1,200 2,800 2,600 1,200 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 derimal places and use this amount in all subsequent calculations.)
 You only solved for the straight line method. Can you please

University Car Wosh purchased new soap dispensing equipment that cost $270,000 including installotion. The compony estimates that the equipment will have a residual value of $24,000 University Car Wosh also estimates it wil use the machine for six years or about 12,000 total hours. Actual use per year was as follows. Prepare a depreciation schedule for six years using the octivity based method. (Round your pepreciotion Rate"to 2 d- -imal aces and use this amount in all subsequent calculations.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!