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 $264,000 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 Hours Used 2,900 1,300 1,400 2,600 2,400 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 Accumulated Depreciation Book Value