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[ The following information applies to the questions displayed below. ] On January 1 , University Car Wash built a deluxe car wash across the

[The following information applies to the questions displayed below.]
On January 1, University Car Wash built a deluxe car wash across the street from campus. The new machines cost
$225,000, including installation. The company estimates that the equipment will have a residual value of $22,500.
University Car Wash also estimates it will use the machine for 6 years or about 12,500 total hours. Actual use per year was
as follows:
Required:
Prepare a depreciation schedule for 6 years using the straight-line method.
Note: Do not round your intermediate calculations.
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