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

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University Car Wash purchased new soap dispensing equipment that cost $$252,000$ including installation. The company estimates that the equipment will have a residual value of $$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:

Year Hours Used

$13,000$

$21,700$

$31,800$

$42,200$

$52,000$

$61,300$

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.$)$