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 $243,000 including installation. The company estimates that the equipment will have a residual value of $28,500. 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 2 3 Hours Used 2,700 2,000 2,100 1,900 1,700 2,100 2. Prepare a depreciation schedule for six years using the double-declining-balance method (Do not round your intermediate calculations.) Tote but not entirely correct. 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) Answer is complete but not entirely correct. UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Year Depreciation Accumulated Expense Depreciation Book Value 1 $ 81.000 $ 81,000 162,000 2 54.000 135.000 108,000 3 36,000 171.000 72.000 4 24,000 195.000 48,000 5 16,000 211,000 32,000 6 10,667 3 221,667 21,333 Total $ 221,667