8 P7-5A University Car Wash built a deluxe car wash across the street from campus. The new machines cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12.000 total hours. Required: Prepare a depreciation schedule for six years using the following methods: 1. Straight-line. 2. Double-declining-balance. 3. Activity-based. Actual use per year was as follows: Page 35 36 37 Actual use per year was as follows: 38 39 40 41 Year Hours Used 1100 42 43 1100 44 1200 45 46 1.800 47 48 2600 149 1200 50 51 52 Page 31