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 $ 234,000 including installation . The company estimates that the equipment will have a residual value of $ 27,000 . 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 : Year 1 2 3 4 Hours Used 2,8001,9002,0002,000 1,8001,500 5 6

1. Prepare a depreciation schedule for six years using straight line method.
2. Prepare a depreciation schedule for six years using the double declining balance method.
3. Repaired depreciation schedule for six years, using the activity based method.