University Car Wash built a deluxe car wash across the street from campus. The new machines cost $237,000 including installation. The company estimates that the equipment will have residual value of $28,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours.

Required:

Prepare a depreciation schedule for six years using the straight line method.

Prepare a depreciation schedule for six years using the double-declining-balance method

Prepare a depreciation schedule for six years using the activity-based method.