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

Explanation:

The preparation of depreciation schedule is shown below:-

1. Depreciation expense on straight line = $270,000 -$24,000 ÷ 6

= $41,000

Depreciation Schedule - Straight Line Method

End of Year amounts

YearDepreciation  Accumulated     Book Value

               Expense         Depreciation

1           $41,000  $41,000               $229,000

2          $41,000           $82,000        $188,000

3          $41,000  $123,000         $147,000

4          $41,000          $164,000         $106,000

5          $41,000           $205,000         $65,000

6          $41,000      $246,000                 $24,000

Total = $246,000    

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.

answer; functional fixedness;