University Car Wash built a deluxe car wash across the street from campus. The new machines cost $234,000 including installation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year Hours Used 1 2,800 2 1,900 3 2,000 4 2,000 5 1,800 6 1,500

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

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

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