University Car Wash built a deluxe car wash across the street from campus. The new machines...

1)	Depreciation Schedule for six years using the double-depreciation method:
	Year	Beginning book value	Depreciation expense	Ending Book Value
		a	b=a*0.3333	c=a-b
	1	$ 2,64,000.00	$ 87,999.99	$ 1,76,000.01
	2	$ 1,76,000.01	$ 58,666.66	$ 1,17,333.35
	3	$ 1,17,333.35	$ 39,111.11	$     78,222.23
	4	$     78,222.23	$ 26,074.08	$     52,148.16
	5	$     52,148.16	$ 17,382.72	$     34,765.44
	6	$     34,765.44	$ 11,588.48	$     23,176.96
	Working:
	Straight line depreciation rate	=	1/useful life
		=	1/6
		=	0.16666667
	Double declining rate	=	2*0.16667
		=	0.33333333
2)	Year	Beginning book value	Depreciation expense	Ending Book Value
		a	b	c=a-b
	1	$ 2,64,000.00	$ 55,332.00	$ 2,08,668.00
	2	$ 2,08,668.00	$ 24,804.00	$ 1,83,864.00
	3	$ 1,83,864.00	$ 26,712.00	$ 1,57,152.00
	4	$ 1,57,152.00	$ 49,608.00	$ 1,07,544.00
	5	$ 1,07,544.00	$ 45,792.00	$     61,752.00
	6	$     61,752.00	$ 36,252.00	$     25,500.00
Working:
		Depreciation rate per hour	=	(Cost - Salvage Value)/Useful life
			=	(264000-25500)/12500
			=	$             19.08
		Year	Machine usage in hours	Depreciation rate per hour	Depreciation expense
			a	b	c=a*b
		1	2900	$             19.08	$     55,332.00
		2	1300	$             19.08	$     24,804.00
		3	1400	$             19.08	$     26,712.00
		4	2600	$             19.08	$     49,608.00
		5	2400	$             19.08	$     45,792.00
		6	1900	$             19.08	$     36,252.00