University Car Wash built a deluxe car wash across the street from campus. The new machines cost $270,000 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 4 5 Hours Used 3,100 1,100 1,200 2,800 2,600 1,200 Problem 7-5A Part 2 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate ad calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining Balance End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 2 3 BH