University Car Wash purchased new soap dispensing equipment that cost $$267,000$ including installation. The company estimates that the equipment will have a residual value of $$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 Hours Used

$13,000$

$21,200$

$31,300$

$42,700$

$52,500$

$61,300$

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