Problem 7-5A (Algo) Part 3 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decin places and use this amount in all subsequent calculations.) Year 1 2 3 4 5 6 Total UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Expense $ 0 Accumulated Depreciation Book Value
Problem 7-5A (Algo) Part 3 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decin places and use this amount in all subsequent calculations.) Year 1 2 3 4 5 6 Total UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Expense $ 0 Accumulated Depreciation Book Value
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ind
![Problem 7-5A (Algo) Part 3
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.)
Year
1
2
22wN
3
4
5
6
Total
UNIVERSITY CAR WASH
Depreciation Schedule-Activity-Based
End of Year Amounts
Depreciation
Expense
$
0
Accumulated
Depreciation
Book Value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe05204e1-fe34-4fcc-a644-4df84fb8c0e7%2Fb6c7cd14-4b63-4392-81dd-d2838c3d6c05%2Figs95ve_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 7-5A (Algo) Part 3
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.)
Year
1
2
22wN
3
4
5
6
Total
UNIVERSITY CAR WASH
Depreciation Schedule-Activity-Based
End of Year Amounts
Depreciation
Expense
$
0
Accumulated
Depreciation
Book Value
![Required information
Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4)
[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that 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:
Year
1
2
3
4
5
6
Hours Used
2,900
1,800
1,900
2,100
1,900
1,900
Problem 7-5A (Algo) Part 3
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
ico](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe05204e1-fe34-4fcc-a644-4df84fb8c0e7%2Fb6c7cd14-4b63-4392-81dd-d2838c3d6c05%2Fqxzkm2m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4)
[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that 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:
Year
1
2
3
4
5
6
Hours Used
2,900
1,800
1,900
2,100
1,900
1,900
Problem 7-5A (Algo) Part 3
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
ico
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