Required information 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 $258,000 including installation. The company estimates that the equipment will have a residual value of $28,50O. 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 2,700 1,s00 1,600 2,400 2,200 2,100 1 2 4 5 6 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Depreciation Expense Accumulated Book Value Year Depreciation 1 2 4 5 6 Total 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do no calculations.) UNIVERSITY CAR WASH Depreciation Schedule- Double-Declining-Balance End of year amounts Depreciation Expense Accumulated Year Book Value Depreciation 1 6 Total 3. Prepare a depreciation schedule for six years using the activity-based method places and use this amount in all subsequent calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Expense Accumulated Depreciation Year Book Value 2 3 4 5 Total LO