Required informetion [The following information applies to the questions clisplayed beiow] Universty Car Wash built a deiuge car wash across the street from campus. The new machines cost $240,000, including installation. The company estimates that the equipment will have a residual value of $30,000. University Car Wash at50 estimates it will use the machine for 50x years or about 12,000 total hours. Actual use per year was as follows: Required: 1. Prepare a depreciation schedule for sox years using the straight-line method Note: Do not round your intermediate colculations