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 Hours Used 2,900 1,800 1,900 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.) Answer is not complete. UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Accumulated Expense Depreciation Book Value 48,575 $ 48.5753 $ 200.4253 Year Next >