Required information

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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $231,000 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:

YearHours

Year 1: 2,900 Year 2: 1,800 Year 3: 1,900 Year 4: 2,100 Year 5: 1,900 Year 6: 1,900

Required:

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