Required information [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 $210,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 1 Hours Used 3,100 2 1,100 3 1,200 4 2,800 2,600 1,700 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) 7 136 points LAU 1,200 2,800 2,600 1,700 Prin References 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 Year Expense 1 2 Depreciation Book Value 3 4 5 6 Total $ Check my work