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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $219,000 Including Installation. The company estimates that the

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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $219,000 Including Installation. The company estimates that the equipment will have a residual value of $19.500. 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 2 3 4 5 6 Hours Used 2,800 1,4ee 1,500 2,500 2,300 2,000 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 Aocumulated Book Value Expense Depreciation Year 1 2 3 4 5

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