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Required information Skip to question [ The following information applies to the questions displayed below. ] University Car Wash purchased new soap dispensing equipment that

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University Car Wash purchased new soap dispensing equipment that cost $219,000 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:
Year Hours Used
12,800
21,400
31,500
42,500
52,300
62,000
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.)\table[[UNIVERSITY CAR WASH],[Depreciation Schedule-Activity-Based],[End of Year Amounts],[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[1,,,],[2,,,],[3,,,],[4,,,],[5,,,],[6,,,],[Total,,,]]
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