University Car Wash built a deluxe car wash across the street from campus. The new machines cost $216,000 including installation. The company estimates that the equipment will have a residual value of $19,500. 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 UAWN Hours Used 2,900 1,300 1,400 2,600 2,400 1,900 - Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decima laces and use this amount in all subsequent calculations.) Answer is not complete. Year 1 7 - UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 45,588 20,436 22,008 40,872 37,728 29,868 $ 196,500 4 Total