The following information applies to the questions displayed below.j University Car Wash built a deluxe car wash across the street from campus. The new machines cost $255,000 including installation. The company estimates that the equipment will have a residual value of $22,500. University Car Wash also estimates it will use the machine for sik years or about 12,500 total hours. Actual use per year was as follows: Hours Used Year 1,600 1700 2,300 2,100 r00 Required 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Accumulated Book Value Depreciation Year Expense 2 4 6 Total $ 0 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 Depre ciation Accumulated Book Value Year Expense Depreciation Total$ 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 Year Depreciation Accumulated Book Value Expense Depreciation 3 4 6 Total $ 0