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Required information [The following information applies to the questions displayed below) University Car Wash built...

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Required information [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 $231,000 including Installation. The company estimates that the equipment will have a residual value of $25,500 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: Hours Used Yes 1 2.900 1.800 1. 900 2.100 2.900 1.900 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 2 3 4 5 Total

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