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1 The following information applies to the questions displayed below) of 3 University Car Wash bult a deluxe car wash across the street from campus. The new machines cost $216,000 including Installation. The company estimates that the equipment will have a residual value of $19,500. 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: Tear Hours Used 1 2.900 1.300 1.400 2.600 2,400 1.900 2 Book 5 3. 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.) UNIVERSITY CAR WASH Depreciation Schedule Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 0 Total C Taw Il MacBook Air 80 D 2 00 2 DO 99 F FS 90 % 2 # 3 $ 4