Reference no: EM132546064

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $222,000 including installation. The company estimates that the equipment will have a residual value of $21,000. 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

1                2,700

2               1,500

3              1,600

4             2,400

5              2,200

6               1,600

Question 1: How do determine the a depreciation schedule for six years using the double-declining-balance