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[The following information applies to the questions displayed below.] University Car Wash purchased...

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Accounting

[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $213,000 including installation. The
company estimates that the equipment will have a residual value of $19,500. 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 7-5A (Algo) Part 2
Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate
calculations.)
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