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Problem 7 - 5 A ( Algo ) Determine depreciation under three methods ( LO 7 - 4 ) [ The following information applies to

Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4)
[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $213,000 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:
Problem 7-5A (Algo) Part 1
Required:
Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)
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