Prepare a depreciation schedule for six years

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Reference no: EM132082475

Question: University Car Wash built a deluxe car wash across the street from campus. The new machines cost $219,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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:

year hours used

1 2,800

2 1,400

3 1,500

4 2,500

5 2,300

6 2,000

1. Prepare a depreciation schedule for six years using the activity-based method.

Reference no: EM132082475

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