(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 $267.000 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: Year 1 2 3 4 Hours Used 3,000 1,200 1,300 2,700 2,500 1,300 3. Prepare a depreciation schedule for six years using the activity-based method (Round your "Depreciation Rate" to 2 decimal laces and use this amount in all subsequent calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation Year 1 2 3 4 5 6 [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 $267,000 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: Year 1 2 3 4 Hours Used 3,000 1,200 1,300 2,700 2,500 1,300 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 Schedul-Activity-Based End of year amounts Depreciation Accumulated Book Value Expenso Depreciation Year 1 2 3 4 5 6