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University Car Wash purchased new soap dispensing equipment that cost $ 2 5 5 , 0 0 0 including installation. The company estimates that the

University Car Wash purchased new soap dispensing equipment that cost $255,000 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 Hours Used
13,100
21,600
31,700
42,300
52,100
61,700
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.)

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