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University Car Wash purchased new soap dispensing equipment that cost $246,000 including installation. The company estimales that the equipment will have a residual value of

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University Car Wash purchased new soap dispensing equipment that cost $246,000 including installation. The company estimales that the equipment will have a residual value of $27.000. University Car Wash also estimates it will use the machine for six years of about 12.000 total hours. Actual use per year was as follows: Required: 1. Prepare a depreciation schedule for six years using the straight-tine method. (Do not round your intermediate calculations.) Univetsity Car Wash purchased new soap dispensing equipment that cost $246,000 including Instaliatlon, The compary 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: 2. Prepare a depreciation schedule for six years using the double-declining-balance method, (Do not round your intermediate calculations.) University Car Wash purchased new soap dispensing equipment that cost $246,000 including Installation. The compamy estinates that the equipment with have a residuat vatue of $27,000. University Car Wash also estimates it will wee the machine for six years or about 12,000 total hours. Actual use per year was as follows: 3. Prepare a depreciation schedule for six years using the activily-based method. (Round your "Depreciotion Rote" to 2 decimal ploces and use this omount in oll subsequent calculations.)

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