Required information Problem 7-5A Determine depreciation under three methods (LO7-4) 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 $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 toral hours Actual use peryear was as follows. Required: 1. Prepare a depreciation schedule for six years using the stralght-line method (Do not round your intermediate calculations.) Required information Problem 7-5A Determine depreciation under three methods (LO7-4) The following information applies to the questions displayed below] University Car Wash built a deluxe car wash acioss the street from campus. The new machines cost $270.000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours Actual use peryear was as follows. Problem 7.5A Part 3 Required infortation 3. Prepare o 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.)