Problem 7-5A Determine depreciation under three methods (LO7-4) Part 1, Part 2, Part 3.

Problem 7-5A Determine depreciation under three methods (LO7-4) (The following information applies to the questions displayed below) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $267.000 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: 1280 Problem 7-5A Part 1 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation ScheduleStraight-Line End of year amounts Depreciation Accumulated Expense Depreciation Book Value Year NO Required information Problem 7-SA Determine depreciation under three methods (L07-4) The following Information applies to the questions displayed below) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $267.000 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: 3.000 200 2. See 1300 Problem 7.5A Part 2 2. Prepare a depreciation schedule for six years using the double-declining balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule Double Declining-Balance End of year amounts Depreciation Accumulated Book Value Expense Depreciation Required information Problem 7-SA Determine depreciation under three methods (L07-4) The following information applies to the questions displayed below) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $267.000 induding 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: Problem 7-5A Part 3 3. Prepare a depreciation schedule for six years using the activity based method. (Round your "Depreciation Rate to 2 decimal places and use this amount in all subsequent calculations.) NIVERSITY CAR WASH Depreciation Schedule Activity-Based End of year amounts Degreciation Accumulated Book Value Expense Depreciation