mework Saved 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: Year 1 2 3 4 5 6 Hours Used 2,800 1,900 2,000 2,000 1,800 1,500 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Year Accumulated Expense Book Value Depreciation 1 NIM of Total $