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Question - University Car Wash built a deluxe car wash across the street from campus. The new machines cost $252,000 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
Hours Used
1
3,000
2
1,700
3
1,800
4
2,200
5
2,000
6
1,300
Required -
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