Required information Skip to question [The following information applies to the questions displayed below.] University Car Wash built a deluxe car wash across the street from campus. The new machines cost $267,000 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

1 3,000

2 1,200

3 1,300

4 2,700

5 2,500

6 1,300

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