2 Part 1 of 3 14.28 points eBook Print References Required information [The following information applies to the questions displayed below.] University Car Wash built a deluxe car wash across the street from campus. The new machines cost $231,000, including installation. The company estimates that the equipment will have a residual value of $25,500. 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 Year 1 2 1 2 3 4 5 6 Total 3 4 5 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. Note: Do not round your intermediate calculations. Hours Used 2,900 1,800 1,900 2,100 1,900 1,900 UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Expense Accumulated Depreciation + Book Value

Required information The following information applies to the questions displayed belowj University Car Wash bullt a detuve car wash actoss the street from campus. The new machines cost $231,000, including installation. The compary estimates that the equipment will have a residual value of $25,500. University Car Wash also estimates it will use the machine for six years or about 12,500 totol hours. Actuat use per year was as follows: Required: 1. Prepare o depredation schodule for six years using the straight fine method. Note: Do not round your intermediate calculations