Instructions: Assume that Manufactures, Inc. later buys machinery for manufacturing in one of their old facilities. The machinery costed $200,000 and they estimate a residual value of $20,000. The senior accountant estimates a useful life for the equipment of 5 years or 5,000 hours. Help the senior accountant calculate and fill in the depreciation schedule for each yearr if they use the activity-based method. Year Hours used Depreciation rate 1 1,000 2 1,200 3 800 4 1,300 5 700 Depreciation expense Accumulated depreciation Ending book value