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.

Required information (The following information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $210,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 3, 100 1,100 1,200 2,800 2,600 1,700 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of year amounts Depreciation Accumulated Expense Depreciation Book Value Year Total $ $ 0