Required information The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $243,000 including installation. The company estimates that the equipment will have a residual value of $28,500. University Cor Wosh also estimates it will use the machine for slx years or about 12,500 total hours. Actual use per year was as folliows. 3. Prepare a depreciation schedule for six years using the activity-bosed method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)