Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4) [The following information applles to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $255,000 including installation. The company estimates that the equipment will have a residual value of $22,500. 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)