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.

1. Prepare a depreciation schedule for six years using the STRAIGHT LINE method.

Actual use per year was as follows:

year	hours used
1	2,900
2	1,300
3	1,400
4	2,600
5	2,400
6	1,900