Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $261,000 including installation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year 1 2 3 Year 1 2 3 4 5 6 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) Hours Used 2,800 1,400 1,500 2,500 2,300 1,500 UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of Year Amounts Depreciation Expense Accumulated Depreciation Book Value

Required information The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $261,000 including installation. The comparly estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for six years of about 12.000 total hours. Actual use per year was as follows: Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediote olculations.)