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Required information Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4) [The following information applies...

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image Required information Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4) [The following information applies fo the questions displayed beion,] University Car Wash purchased new soap dispensing equipment that cost $213,000 including instalation. The comperry estimates that the equipment will have a residual value of $19.500. University Car Wash also estimates if will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Troblem 7-5A (Algo) Part 1 Sequired: L. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) 3. Prepare a depreclation schedule for slix years using the activity-based mothod. (Round your "Depreclation Bate" to 2 decimal places and use this amount in all subsequent calculations.] 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)

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