University Car Wash built a deluxe car wash across the street from campus. The new machines cost $264,000 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 3 4 Hours Used 2,900 1,300 1,400 2,600 2,400 1,900 5 - Prepare a depreciation schedule for six years using the double declining balance method. (Do not round your intermediate alculations.) Year UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Expense Depreciation Book Value 1 S 55,332 s 55,332 s 208 668 2 24 804 30,136 183 864 3 26,712 106.848 157,152 4 49 608 156.456 107.544 5 45.792 202 248 61,752 6 36 252 238,500 25,500 Tot S 23.500