! Required information (The following information applies to the questions displayed below.) 3 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $234.000 including Installation. The company estimates that the equipment will have a residual value of $27,000. 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 2 3 4 5 6 Hours Used 2,800 1,900 2,000 2,000 1,800 1,500 ces Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 6 Total