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

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Accounting

Required information
[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $228,000 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:
Required:
Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)
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