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University Car Wash purchased new soap dispensing equipment that cost $$258,000$ including installation. The company estimates that the equipment will have a residual value of $$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:

Year Hours Used

$12,700$

$21,500$

$31,600$

$42,400$

$52,200$

$62,100$