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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $270,000 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

Hours Used

1

3,100

2

1,100

3

1,200

4

2,800

5

2,600

6

1,200

2.	Prepare a depreciation schedule for six years using the double-declining-balance method.(Do not round your intermediate calculations. Round your answers to the nearest dollar amount.)

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.)