Check my work University Car Wash built a deluxe car wash across the street from campus. The new machines cost $210,000 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 1 2 3 4 5 6 Hours Used 3,100 1,100 1,200 2,800 2,600 1,700 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) your intermediate calculations.) 1 UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation $ 70,000 $ 70,000 $ 140,000 2 46,662 116,662 93,338 3 31,109 147,772 62.228 4 20,740 168,513 41,487 5 13,827 182.341 27,659 6 9,218 Total 191,556 ces $