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 1 2 3 4 Hours Used 2,700 2,000 2,100 1.900 1,700 2.100 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) Answer is complete but not entirely correct. UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End ot yet Amounts Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) Year 1 2 Answer is complete but not entirely correct. UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Depreciation Accumulated Expense Depreciation Book Value S 238,250 $ 238,250 $ 4,750 238,250 476,500 233,500 238,250 714,750 690.450 238.250 953,000 928.700 238,250 1.191,250 948.250 238.250 1.429,500 1.186,500 5 1.429,500 3 4 5 6 Total