Following information applles to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines 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: Year 1 2 3 4 Hours Used 3,100 1,100 1,200 2,800 2.600 1,200 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round you UNIVERSITY CAR WASH Depreciation ScheduleStraight-Line End of year amounts Depreciation Accumulated Expense Depreciation Book Value Year 2 3 4 5 Total $ Problem 7-5A Part 2 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not calculations.) Year 1 2 UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Expense Depreciation Book Value S 220.000 2 188,000 3 147.000 4 106,000 5 65.000 24.000 Total 5 8 Problem 7-5A Part 3 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Der places and use this amount in all subsequent calculations.) UNIVERSITY CAR WASH Depreciation Schedule Activity-Based End of year amounts Depreciation Accumulated Expense Depreciation Book Value Year 5 8 Total $