University Car Wash built a deluxe car wash across the street from campus. The new machines cost $237,000 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 Hours Used 2,700 2,000 2,100 1,900 1,700 2,100 Year 4 5 6 2Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Expense Accumulated Depreciation 79.000 Year Book Value 1 $ 79,000 158,000 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining Balance End of year amounts Accumulated Depreciation Expense Year Book Value Depreciation 79,000 S 79,000S 158,000 4 5 6 Total $ 79,000