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University Car Wash purchased new soap dispensing equipment that cost $ 2 4 0 , 0 0 0 including installation. The company estimates that the

University Car Wash purchased new soap dispensing equipment that cost $240,000 including installation. The company estimates that the equipment will have a residual value of $30,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows:
\table[[Year,Hours Used],[1,2,600],[2,2,100],[3,2,200],[4,1,800],[5,1,600],[6,1,700]]
Required:
Prepare a depreciation schedule for six years using the straight-line method.
(Do not round your intermediate calculations.)
\table[[UNIVERSITY CAR WASH],[Depreciation Schedule -Straight-Line],[End of Year Amounts],[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[1,,,],[2,,,],[3,,,],[4,,,],[5,,,],[6,,,],[Total,$,,]]
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