Saved 5 Required information [The following information applies to the questions displayed below) of University Car Wash built a deluxe car wash across the street from campus. The new machines 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. COK Year 1 2 3 4 5 Hours Used 2.800 1,400 1, see 2,500 2,500 1.500 rences Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule Straight Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 5 Total $