16.

Required information

Skip to question

[The following information applies to the questions displayed below.]

University Car Wash purchased new soap dispensing equipment that cost $213,000 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	3,000
2	1,200
3	1,300
4	2,700
5	2,500
6	1,800

Required:

1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)