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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $228,000 including installation. The company estimates that the

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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $228,000 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: Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places amount in all subsequent calculations.)

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