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 1 2 3 Hours Used 3,100 1,600 1,700 2.300 2,100 1,700 6 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.) Year 1 2 3 4 5 UNIVERSITY CAR WASH Depreciation Schedule Activity-Based End of year amounts Depreciation Accumulated Book Value Expense Depreciation $ 50,220 $ 50,220 174.780 17.820 X 68,040 X 156,960 X 19,440 X 87.480 % 137.520 45,360 X 132,840 92.160 x 42,120 X 174.960 50,040 19,440 X 194,400 X 30,600 X 194,400 6 Total A