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