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 $210,000 including installation. The company estimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows 3,100 1,100 1,200 2,800 2,600 1700 5 6 5.00 points Required information Required: 1. Prepare a depreciation schedule for six years using the straight-ine method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Accumulated Book Value 178.250 146.500 114.750 83 000 51 250 63 500 95 250 31 750 ota 190 500 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediat calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of year amounts Depreciation Accumulated Book Value Year Expense Depreciation 70,000 S 46,667 70,000 140,000 5 6 Total S 116,667 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Accumulated preciation Year Book Value Expense 47 244 s 16,764 18,288 42,672 39 624 25,908 47,244 162,756 5 Total$ 190,500