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[ The following information applies to the questions displayed below. ] University Car Wash purchased new soap dispensing equipment that cost $ 2 5 2

[The following information applies to the questions displayed below.]
University Car Wash purchased new soap dispensing equipment that cost $252,000 including installation. The company estimates that the equipment will have a residual value of $24,000. 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:
\table[[Year,Hours Used],[1,3,000],[2,1,700],[3,1,800],[4,2,200],[5,2,000],[6,1,300]]
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.)
\table[[\table[[UNIVERSITY CAR WASH],[Depreciation Schedule-Activity-Based],[End of Year Amounts]]],[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value,],[1,,,,],[2,,,,],[3,,,,],[4,,,,],[5,,,,],[6,,,,],[Total,,,,]]
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