Problem $7-5$A $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

Skip to question

$[$The following information applies to the questions displayed below.$]$

University Car Wash purchased new soap dispensing equipment that cost $$264,000$ including installation. The company estimates that the equipment will have a residual value of $$25,500.$ 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 Hours Used

$12,900$

$21,300$

$31,400$

$42,600$

$52,400$

$61,900$

Problem $7-5$A $($Algo$)$ Part $2$

$2.$ Prepare a depreciation schedule for six years using the double$-$declining$-$balance method. $($Do not round your intermediate calculations.$)$