University Car Wash built a deluxe car wash across the street from campus. The new machines cost $249,000 including installation. The company estimates that the equipment will have a residual value of $25,500. 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 2345 10 6 Hours Used 2,900 1,800 1,900 2,100 1,900 1,900 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) Year 1 2 UNIVERSITY CAR WASH Depreciation Schedule-Double-Declinin End of year amounts Accumulated Depreciation Depreciation Expense $ 3 4 5 6 Total $ 83,000 53 83,053