! Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $249,000 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: Hours Year Used 1 2,900 2 1,800 3 1,900 4 2,100 5 1,900 6 1,900 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.) UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Year Expense 1 2 3 4 5 6 Total Accumulated Book Value Depreciation