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Accounting

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University Car Wash purchased new soap dispensing equipment that cost $267,000 including installation. 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:
Year Hours Used
13,000
21,200
31,300
42,700
52,500
61,300
2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)-use depreciation expense, accumlated depreciation, and book value

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