! Required information [The following information applies to the questions displayed below.] Year 1 2 3 University Car Wash purchased new soap dispensing equipment that cost $261,000 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 1 2 3 4 5 6 Hours Used 2,800 1,400 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) 1,500 2,500 2,300 1,500 Depreciation Expense UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of Year Amounts Accumulated Depreciation Book Value Check my

Required information The following information applies to the questlons dispiayed below) University Car Wash purchased new soap dispensing equipment that cost $261000 including installation. The company estimates that the equipment will have a residual value of $27.000. University Car Wash also estimates if will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Required: 1. Prepare a depreciation schedule for six years using the straight-ilne method. (Do not round your intermediate calculotions.)