(Solved): 1 Required information [The following information applies to the questions displayed below.] Univers ...

1 Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost \$264,000 including installation. The company estimates that the equipment will have a residual value of \( \$ 25,500 \). 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: Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)Depreciation ExpenseAccumulated Depreciation