University Car Wash purchased new soap dispensing equipment that cost $231,000 including installation. The company estimates that the equipment will have a residual value of $25.500. 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 Hours Used 2,900 2 1,800 1,900 2,100 1,900 1,900 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.) UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Accumulated. Book Value Depreciation Year Expense 1 2 3 4 5 6