part 2

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 $261,000 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 2 Hours Used 2,800 1,400 1,500 2,500 2,300 1,500 4 5 6 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 Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 6 Total