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 $231,000 Including installation. The company estimates that the equipment will have a residual value of $25,500. 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 1 Required: 1. Prepare a depreclation schedule for six years using the straight-line method. (Do not round your Intermedlate calculations.) Required Information Problem 7-5A (Algo) Determine depreclation under three methods (LO7-4) [The following Informatlon applles to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $231,000 Including Installation. The company estimates that the equipment will have a residual value of $25,500. University Car Wash also estimates it will use the machine for slx years or about 12,500 total hours. Actual use per year was as follows: roblem 7-5A (Algo) Part 2 . Prepare a depreclation schedule for slx years using the double-declining-balance method. (Do not round your Intermedlate alculations.) Required Information Problem 7-5A (Algo) Determine depreclation under three methods (LO7-4) [The following Information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $231,000 Including Installation. The company estimates that the equipment will have a residual value of $25,500. 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 depreclation schedule for slx years using the actlvity-based method. (Round your "Depreclation Rate" to 2 decimal olaces and use this amount In all subsequent calculations.)