University Car Wash built a deluxe car wash across the street from campus. The new machines cost $243,000 including Installation. The company estimates that the equipment will have a residual value of $28,500. 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: Plours Used 2,700 Year 1 2 3 2,000 2,100 1,900 1,700 2.100 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) Year UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Expense Book Value Depreciation $ 81,000 s 81,000 s 162.000 54,000 135,000 108,000 Anar 4M al 1 2 CI 3 4 5 2,000 2,100 1,900 1,700 2,100 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) Year UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Expense Depreciation Book Value 1 $ 81,000 $ 81,000 $ 162,000 2 54,000 135,000 108,000 3 36.000 171.000 72,000 4 24,000 195,000 48,000 5 16.000 211.000 32,000 6 28,500 Total $ 211.000