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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 $ 2

Required information
[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $261,000 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:
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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