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Required information Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4) [The following information applies fo the questions displayed below] University Car Wash purchased new soop 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: Problem 7.5A (Algo) Part 1 Required: 1. Prepare a depreclation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)