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[ The following information applies to the questions displayed below. ] University Car Wash purchased new soap dispensing equipment that cost $ 2 5 2

[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $252,000 including installation. The company estimates that the equipment will have a residual value of $24,000. 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 Hours Used
13,000
21,700
31,800
42,200
52,000
61,300
Required:
1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)

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