Che Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $231,000 including installation. The company estimates that the equipment will have a residual value of $25,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year 1 Hours Used 2,900 2 1,800 3 1,900 4 2,100 1,900 1,900 Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 deci aces and use this amount in all subsequent calculations.) Year 1 UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Expense Accumulated Book Value Depreciation 2 3 4 5 6 Total $ 0