The tollowing information applies to the questions olspiayed below Unlversity Car Wash bult a deluxe car wash across the street from campus. The new machines cost $240,000 including installation The company estimates that the equipment will have a resldual value of $30,000. Unlversity Car Wash also estlimates It will use the machine for six years or about 12,000 total hours Actual use per year was as follows Year Hours Used 2,600 2,100 2,200 1800 1600 700 volue: Required information 1.25 points Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) NIVERSITY CAR WAS Depreciation Schedule-Straight-Line End of year amounts Accumulated Expense Depreciatiorn Year Book Value 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 Depreciation nse 2 4 6 Total S 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 Year Expense Depreciation Book Value Total