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Required information [ The following information applies to the questions displayed below. ] University Car Wash purchased new soap dispensing equipment that cost $ 2

Required information
[The following information applies to the questions displayed
below.]
University Car Wash purchased new soap dispensing equipment
that cost $249,000 including installation. The company estimates
that the equipment will have a residual value of $25,500. 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:
Prepare a depreciation schedule for six years using the double-declining-
balance method. (Do not round your intermediate calculations.)
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