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University Car Wash purchased new soap dispensing equipment that cost $213,000 including installation. The company...

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Accounting

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:
\table[[Year,Hours Used],[1,3,000],[2,1,200],[3,1,300],[4,2,700],[5,2,500],[6,1,800]]
Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)
\table[[UNIVERSITY CAR WASH],[Depreciation Schedule-Double-Declining-Balance],[End of Year Amounts],[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[1,,,],[2,,,?
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