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 $231,000 including installation. The company estimates that the equipment will have a residual value of $25,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year Hours Used 2,900 1,800 1,900 2,100 1,900 1,900 References Problem 7-5A Determine depreciation under three methods (LO7-4) Section Break