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Required information

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

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

University Car Wash purchased new soap dispensing equipment that cost $$243,000$ including installation. The company estimates that the equipment will have a residual value of $$28,500.$ 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:

$\backslash$table$[[$Year$,$Hours Used$],[1,2,700],[2,2,000],[3,2,100],[4,1,900],[5,1,700],[6,2,100]]$

Problem $7-5$A $($Algo$)$ Part $1$

Required:

Prepare a depreciation schedule for six years using the straight$-$line method. $($Do not round your intermediate calculations.$)$

$\backslash$table$[[$UNIVERSITY CAR WASH$],[$Depreciation Schedule$-$Straight$-$Line$],[$End of Year Amounts$],[$Year$,,\backslash$table$[[$ciation$],[$ense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[1,$$$,35,750,,],[2,,35,750,\_,-],[3,,35,750,,],[4,,35,750,,],[5,,35,750,,],[6,,35,750,,],[$Total$,$$$,214,500,,]]$