Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $261,000 including installation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year 1 3 Year 1 2 3 4 5 Hours Used 2,800 1,400 1,500 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.) 2,500 2,300 1,500 UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Expense Accumulated Depreciation Book Value S Check

Required informotion [The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $261,000 including instaliation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for sbx years or about 12,000 total hours. Actual use per year was as follows: 3. Prepare a depreciation schedule for six years using the activity based method. (Round your "Depreciotion Rote" to 2 decimal ploces and use this omount in oll subsequent calculations.)