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

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Accounting

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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: Tear Hours Used 2.900 1 2 1.800 1.900 2.100 1.900 1.900 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.) UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 6 Total

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