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Required information Problem 7 - 5 A ( Static ) Determine depreciation under three methods ( LO 7 - 4 ) Skip to question [

Required information
Problem 7-5A (Static) Determine depreciation under three methods (LO7-4)
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[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows:
Year Hours Used
13,100
21,100
31,200
42,800
52,600
61,200
Problem 7-5A (Static) Part 3
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.)

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