Question: Please do both parts! They are tied to same question Problem 7.5A (Algo) Determine depreciation under three methods (LO7.4) [The following information applies to the

Please do both parts! They are tied to same question  Please do both parts! They are tied to same question Problem
7.5A (Algo) Determine depreciation under three methods (LO7.4) [The following information applies

Problem 7.5A (Algo) Determine depreciation under three methods (LO7.4) [The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $216,000 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: Problem 7.5A (Algo) Part 2 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) Required information Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $216,000 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: Problem 7.5A (Algo) Part 3 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)

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