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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $237,000 including installat
2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate c
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Answer #1
A. Cost of machine 237,000
B. Residual value     28,500
C. Depriciable value (A-B) 208,500
D. Depriciation rate per hour       16.68
E. As per doubble declining rate       33.36
UNIVERSITY CAR WASH
Depriciation Schedule - Doubble declining balance
End of year ammounts
Year Depriciation expense Accumulated Derpriciation Book Value
1         90,072.00         90,072.00      146,928.00
2         66,720.00      156,792.00         80,208.00
3         51,708.00      208,500.00         28,500.00
4                        -                          -                          -  
5                        -                          -                          -  
6                        -                          -                          -  
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