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.

A. economic resources to be used or turned into cash within one year. b. reports assets, liabilities, and stockholders' equity. c. decrease assets; increase liabilities and stockholders' equity. d. increase assets; decrease liabilities and stockholders' equity. e. an exchange or event that has a direct and measurable financial effect. f. accounts for a business separate from its owners. g. the principle that assets should be recorded at their original cost to the company. h. a standardized format used to accumulate data about each item reported on financial statements. i. the basic accounting equation. j. the two equalities in accounting that aid in providing accuracy. k. the account credited when money is borrowed from a bank using a promissory note. l. cumulative earnings of a company that have not yet been distributed to the owners. m. every transaction has at least two effects. n. amounts presently owed by the business. transaction, separate entity assumption, balance sheet, liabilities, assets, current assets, notes payable, duality of effects, retained earnings, debit.