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 $$228,000$ including installation. The company estimates that the equipment will have a residual value of $$24,000.$ 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:

$\backslash$table$[[$Year$,$Hours Used$],[1,3,000],[2,1,700],[3,1,800],[4,2,200],[5,2,000],[6,1,300]]$

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.$)$

$\backslash$table$[[$UNIVERSITY CAR WASH$],[\backslash$table$[[$Depreciation Schedule$-$Double$-$Declining$-$Balance$],[$End of Year Amounts$]],],[$Year$,\backslash$table$[[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value,$],[1,,,,],[2,,,,],[3,,,,],[4,,,,],[5,,,,],[6,,,,],[$Total$,,,,]]$