Required information

Problem $7-5$A $($Algo$)$ Determine depreciation under three methods $($LO$7-4)$

$[$The following information applies to the questions displayed below.$]$

University Car Wash purchased new soap dispensing equipment that cost $$243,000$ including installation. The company

estimates that the equipment will have a residual value of $$28,500.$ 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:

Problem $7-5$A $($Algo$)$ Part $3$

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.$)$