Required information [The following information applies to the questions displayed bolow] University Car Wash buit 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: 2. Prepare a depreciation schedule for six years using the double-declining balance method Note: Do not round your intermediate calculations. Required information [The foliowing information applles to the quiestions displayed below] University Car Wash buit 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. 3. Prepare a depreciation schectule for six years using the activity based method. Note: Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations