University Car Wash purchased new soap dispensing equipment that cost $270,000 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 2355NK Hours Used 3,100 1,100 1,200 2,800 2,600 1,200 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rete" to 2 derimal places and use this amount in all subsequent calculations.)

University Car Wash purchased new soap dispensing equipment that cost $270,000 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 2355NK Hours Used 3,100 1,100 1,200 2,800 2,600 1,200 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rete" to 2 derimal places and use this amount in all subsequent calculations.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 7EA: Alfredo Company purchased a new 3-D printer for $900,000. Although this printer is expected to last...

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