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 six years or about 12,500 total hours. Actual use per year was as follows:

Year	Hours Used
1	3,100
2	1,600
3	1,700
4	2,300
5	2,100
6	1,700

Problem 7-5A Part 1

Required:

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

UNIVERSITY CAR WASH
Depreciation ScheduleStraight-Line
End of year amounts
Year	Depreciation Expense	Accumulated Depreciation	Book Value
1
2
3
4
5
6
Total	$0

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

UNIVERSITY CAR WASH
Depreciation ScheduleDouble-Declining-Balance
End of year amounts
Year	Depreciation Expense	Accumulated Depreciation	Book Value
1
2
3
4
5
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 ScheduleDouble-Declining-Balance
End of year amounts
Year	Depreciation Expense	Accumulated Depreciation	Book Value
1
2
3
4
5
6
Total	$0