University car wash built a deluxe car wash across the street from campus. the new machines cost $225,000 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. year hours used1 3,1002 1,1003 1,2004 2,8005 2,6006 1,200prepare a depreciation schedule for six years using the straight-line method. (do not round your intermediate calculations.)prepare a depreciation schedule for six years using the double-declining-balance method. (do not round your intermediate calculations.)prepare a 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.) depreciation expense, accumulated deprecitaion, and book values.