Saved Help Save & Exit Check 6. 1 of 3 University Car Wash purchased new soap dispensing equipment that cost $237,000 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 Hours Used 2,700 2 2,000 3 2,100 4 1,900 1,700. 2,100 Book Prot Cerences Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calcula Year 1 2 UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Expense Accumulated Depreciation + Book Value W Q a < Previ 6 7 21 00 of 8 Next >