University Car Wash purchased new soap dispensing equipment that cost $252,000 including instaliation. 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: Problem 7-5A (Algo) Part 1 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your Intermediate caiculations.)