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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

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[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $228,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows:
\table[[Year,Hours Used],[1,3,000],[2,1,700],[3,1,800],[4,2,200],[5,2,000],[6,1,300]]
Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)
\table[[UNIVERSITY CAR WASH],[Depreciation Schedule-Activity-Based],[End of Year Amounts],[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[1,i,,],[2,,,],[3,,,],[4,,,],[5,,,],[6,,,],[Total,$,,]]
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