[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 $261,000 including installation. The company estimates that the equipment will have a residual value of $27,000. 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	2,800
2	1,400
3	1,500
4	2,500
5	2,300
6	1,500

1.

value: 5.88 points

Required information

Required:

1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)

References

eBook & Resources

WorksheetDifficulty: 3 HardLearning Objective: 07-04 Calculate depreciation of property, plant, and equipment.

Check my work

2.

value: 5.88 points

Required information

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

References

eBook & Resources

WorksheetDifficulty: 3 HardLearning Objective: 07-04 Calculate depreciation of property, plant, and equipment.

Check my work

3.

value: 5.88 points

Required information

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.)