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[The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $210,000 including installation. The company estimates

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[The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $210,000 including installation. The company estimates that the equipment will have a residual value of $19,500. University Car Wash aiso estimates it will use the machine for six years of 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, (Do not round your intermediote. calculotions.) 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rote" to 2 decimal places and use this amount in all subsequent colculations.)

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