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Required information

$[$The following information applies to the questions displayed below.$]$

University Car Wash purchased new soap dispensing equipment that cost $$222,000$ including installation. The company

estimates that the equipment will have a residual value of $$21,000.$ 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:

Required:

$1.$ Prepare a depreciation schedule for six years using the straight$-$line method. $($Do not round your intermediate calculations.$)$

$2.$ Prepare a depreciation schedule for six years using the double$-$declining$-$balance method. $($Do not round your intermediate calculations.$)$

$3.$ 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.$)$