[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 $228,000 Including Installation. The company estimates that the equipment will have a residual value of $24,000. 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 3,000 1,700 1,800 2,200 2, cee 1,3ee Required: 1. Prepare a depreciation schedule for six years usthg the straight-line method (Do not round your Intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule--Straight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 Total $ 2.200 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $228,000 including Installation. The company estimates that the equipment will have a residual value of $24,000. 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: Hours Used Year 1 2 3, eee 1,700 1,500 2,200 2,000 1,300 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your Intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Year Accumulated Expense Depreciation Book Value 1 3 6 27 0 Tota! 3 University Car Wash built a deluxe car wash across the street from campus. The new machines cost $228,000 Including Installation. The company estimates that the equipment will have a residual value of $24,000. 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 5 6 Hours Used 3,000 1,700 1, Bee 2,200 2,000 1,388 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.) UNIVERSITY CAR WASH Depreciation Schedule Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 W 2 3 4 5 Total