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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

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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 2 3 Hours Used 3,100 1.100 1,200 2,800 2,600 1,700 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule--Double-Declining-Balance End of year amounts Year Depreciation Accumulated Book Value Expenso Depreciation 1 2 3 4 5 6 Total

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