Check 3 Required information [The following information applies to the questions displayed below. Part 1 of 3 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $246,000 including installation. The company estimates that the equipment will have a residual value of $27,000. 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: 0.66 points Year 1 2 3 4 5 6 Hours Used 2,800 1,900 2,000 2,000 1,800 1,500 eBook Print Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) References Year 1 UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 209,500 73,000 173,000 109,500 136,500 146,000 100,000 182,500 63,500 219,000 27,000 $ 0 2 3 4 5 6 Total