University Car Wash built a deluxe car wash across the street from campus. The new machines 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 1 2 3 Hours Used 3,000 1,700 1,800 2,200 2,000 1,300 6 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Expense Book Value Depreciation $ 84,000 $ 84,000 $ 168,000 Year 1 N 3 4 5 6 Total $ B4,000