WAS, Ucation.com/imghriddleware Homework Saved University Car Wash built a deluxe car wash across the street from campus. The new machines cost $246,000 including Installation. The company estimates that the equipment will have a residual value of $27.000. 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: Year 1 2 3 4 5 6 Hours Used 2,800 1,900 2,000 2,000 1,800 1,500 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 Expense Depreciation Year 1 2 3 4 5 6 Total s