Shoppingmart, a retail store, is in the process of setting up business operations in china. mitch, the ceo of shoppingmart, visits china to address some operational issues. once he reaches there, he realizes that he needs to spend a lot of time socializing with local business partners before he can start discussing the work-related issues. mitch is learning the practice of

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. 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 hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.