Diamond Autobody purchased a new equipment. The new equipment cost $$136,000$ including installation. The company estimates the equipment will have a residual value of $$34,000.$ Diamond Autobody also estimates it will use the equipment for four years or about $8,000$ total hours. Actual use per year was as follows:

$\backslash$table$[[$Year$,$Hours Used$],[1,2,900],[2,1,900],[3,1,900],[4,3,500]]$

Required:

Prepare a depreciation schedule for four years using the straight$-$line method.

Prepare a depreciation schedule for four years using the double$-$declining$-$balance method. $($Hint: The asset will be depreciated in only two years.$)$

Prepare a depreciation schedule for four years using the activity$-$based method.

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