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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $225,000 including installation. The company estimates that the

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $225,000 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 six years or about 12,500 total hours.

Year Hours Used
1 3,100
2 1,100
3 1,200
4 2,800
5 2,600
6 1,200
Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)

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

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.)

PLeasePleasede Depreciation expense, accumulated deprecitaion, and book values.

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