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

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Accounting

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Required information [The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $255,000 including installation, The company estimates that the equipment will have a residual value of $22,500. 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: Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal laces and use this amount in all subsequent calculations.)

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