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

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[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $231,000 including installation. The company estimates that the equipment will have a residual value of $25,500. 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:
\table[[Year,Hours Used],[1,2,900],[2,1,800],[3,1,900],[4,2,100],[5,1,900],[6,1,900]]
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],[\table[[Depreciation Schedule-Activity-Based],[End of Year Amounts]],,],[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value,],[1,,,,],[2,,,,],[3,,,,],[4,,,,],[5,,,,]
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