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Required information [The following information applies to the questions displayed below) University Car Wash built...

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Required information [The following information applies to the questions displayed below) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $231,000 including installation. The company estimates that the equipment will have a residual value of $25,500 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: Year 1 2 Hours Used 2.900 1, 800 1.900 2.100 1.900 1,900 Required: 1. Prepare a depreciation schedule for six years using the straight line method (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule--Straight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 6 Year 1 2 3 4 5 6 Total s 6

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