Required information Problem 7.5A (Static) Determine depreciation under three methods (LO7-4) [The following information applies to the questions dispiayed betow] University Car Wasti purchased new soap dispensing equipment that cost $270,000 inclucting 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 of about 12,000 total hours. Actual use per year was as follows: Problem 7.5A (Static) Port 1 Required: 1. Prepare o depreciation schecule for sik years using the straight-Aine niethod (Do not round your intermediate coleuletions.)