4 Check my work Required information [The following information applies to the questions displayed below.] Part 2 of 3 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $225,000 including installation. The company estimates that the equipment will have a residual value of $22,500. 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: 181 Year Hours Used points 1 IN 3, 100 009 I 3 2, 300 2, 108 BOOK 1, 700 Print 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) References UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation $ 74,250 150.075 74,250 74 250 4 74,250 5 74,250 74,925 Total 446 175