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 $264.000 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 1,3e0 1.400 2,600 2 2,400 1,900 Required: 1. Prepare a depreciation schedule for six years using the straight-line method (Do not round your intermediate calculations.) Answer is complete but not entirely correct. UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Accumulated Depreciation 88.000 S Depreciation Expense 88,000s Year Book Value 176.000 2 58,667 146,667 117.333 3 39,111 78,222 185,778 26.074 4 211.852 52 148 17.383 229,235 238.500 34.765 6 9,265 25.500 Total 238.500 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 $264,000 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 1,300 1,400 2,600 2,400 1,900 1 6 . Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal laces 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 1 4 5 6 Total 0