12 Part 2 of 3 Required information Problem 7-5A Determine depreciation under three methods (L07-4) (The following information applies to the questions displayed below.) 0.29 points 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: % 02:59:04 Year 1 2 eBook Hours Used 3,100 1,100 1,200 2,800 2,600 1,200 4 5 6 Print References Problem 7-5A Part 2 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 5 6 Total