[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 $225,000 including installation. The company estimates that the equipment will have a residual value of $22,500. 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 UWNE Hours Used 3,100 1,600 1,700 2,300 2,100 1,700 Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal aces and use this amount in all subsequent calculations.) Year UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation 1 $ 50,220 $ 50,220 $ 174,780 25,920 27,540 37,260 34,020 27,540 Totals 202,500