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 $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: Year 1 2 3 4 5 Hours Used 2,900 1,800 1.960 2,100 1.900 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 Accumulated Book Value Depreciation Voni 1 2 3 4 5 6 Total 5