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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $240,000 including installation. The company estimates that the equipment will have a residual value of $30,000. 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:

Hours used12,60022,10032,20041,80051,60061,700

Year

Required:

Prepare a depreciation schedule for six years using the straight-line method. (Do not round intermediate calculations. Round your answers to the nearest dollar amount. Omit the “$” sign in your response.)

Year

UNIVERSITY CAR WASH
Calculation	End of year amounts
Depreciable Cost	Depreciation Rate	Depreciation Expense	Accumulated Depreciation	Book Value

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