Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $255,000 including installation. The company estimates that the equipment will have a residual value of $22,500. 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 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.) 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ UNIVERSITY CAR WASH } \\ \hline \multicolumn{4}{|c|}{ Depreciation Schedulo-Straight-Lino } \\ \hline \multicolumn{4}{|c|}{ End of Year Amounts } \\ \hline Year & \begin{tabular}{l} Depreciation \\ Expense \end{tabular} & \begin{tabular}{l} Accumulated \\ Depreciation \end{tabular} & Book Value \\ \hline 1 & & & \\ \hline 2 & & & \\ \hline 3 & & & \\ \hline 4 & & & \\ \hline 5 & & & \\ \hline 6 & & & \\ \hline Total & & & \\ \hline \end{tabular}