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University Car Wash purchased new soap dispensing equipment that cost $ 2 3 4 , 0 0 0 including installation. The company estimates that the

University Car Wash purchased new soap dispensing equipment that cost $234,000 including installation. The company
estimates that the equipment will have a residual value of $27,000. 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:
Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate
calculations.)
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