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Required Information

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University Car Wash purchased new soap dispensing equipment that cost $$246,000$ including installation. The company estimates that the equipment will have a residual value of $$27,000.$ 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:

$\backslash$table$[[$Year$,$Hours Used$],[1,2,800],[2,1,900],[3,2,000],[4,2,000],[5,1,800],[6,1,500]]$

Prepare a depreciation schedule for six years using the activity$-$based method. $($Round your "Depreclatlon Rate" to $2$ decimal places and use thls amount In oll subsequent calculations.$)$

$\backslash$table$[[$UNIVER SITY CAR WASH$],[$Depreciation Sehedule$-$Activity$-$Based$],[$End of Year Amounts$],[$Year$,\backslash$table$[[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[1,,,],[2,,,],[3,,,],[4,,,],[5,,,],[6,,,],[$Total$,$$$,,]]$