University Car Wash built a deluxe car wash across the street from campus. The new machines cost $240,000 including installation. The company estimates that the equipment will have a residual value of $30,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours.

Required:

Prepare a depreciation schedule for six years using the following methods:

1. Straight-line.

2. Double-declining-balance.

3. Activity-based.

Actual use per year was as follows:

Year .................................Hours Used

1 ...........................................2,600

2 ...........................................2,100

3 ...........................................2,200

4 ...........................................1,800

5 ...........................................1,600

6 ...........................................1,700