Required information (The following information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $ 237,000 including Installation. The company estimates that the equipment will have a residual value of $28,500. 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: Year 1 2 3 4 5 Hours Used 2,700 2,000 2,100 1,900 1,700 2,100 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.) Year 1 UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Accumulated Expense Book Value Depreciation $ 45,036 $ 45,0365 90,072 33,360 78,396 66,720 35,028 113,424 113.424 31,692 145, 116 145,116 28.356 28,356 35,028 208,500 $ 208.500 2 3 4 5 6 Total