University Car Wash purchased new soap dispensing equipment that 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	Hours Used
1	2,900
2	1,300
3	1,400
4	2,600
5	2,400
6	1,900

2. Prepare a depreciation schedule for six years using the double-declining-balance method.

UNIVERSITY CAR WASH
Depreciation ScheduleDouble-Declining-Balance
End of Year Amounts
Year	Depreciation Expense	Accumulated Depreciation	Book Value
1
2
3
4
5
6		238,500selected answer correct	25,500selected answer correct
Total