Problem $7-5$A $($Static$)$ Determine depreciation under three methods $($LO$7-4)$ Skip to question $[$The following information applies to the questions displayed below.$]$ University Car Wash purchased new soap dispensing equipment that cost $$270,000$ including installation. The company estimates that the equipment will have a residual value of $$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: $$ YearHours Used

$13,100$

$2.1,100$

$31,200$

$42,800$

$52,600$

$61,200$

Problem $7-5$A $($Static$)$ Part $1$ Required: $1.$ Prepare a depreciation schedule for six years using the straight$-$line method. $($Do not round your intermediate calculations.$)$