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{The following information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines
{The following information applies to the questions displayed below.) 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: Taar 1 2 3 4 5 Hur med 2,800 1.400 2.500 2.500 2.300 1.500 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 6 Total
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