University Car Wash purchased new soap dispensing equipment that cost $$243,000$ including installation. The company estimates that the equipment will have a residual value of $$28,500$University Car Wash also estimates it will use the machine for six years or about $12\mathrm{.}500$ total hours Required information

Problem $7-5$A $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

$[$The following information applies to the questions displayed below.$]$

University Car Wash purchased new soap dispensing equipment that cost $$243,000$ including installation. The company

estimates that the equipment will have a residual value of $$28,500.$ 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:

Problem $7-5$A $($Algo$)$ Part $1$

Required:

Prepare a depreciation schedule for six years using the straight$-$line method. $($Do not round your intermediate calculations.$)$Actual use per year was as follows: