Subject: acounting University Car Wash purchased new soap dispensing equipment that cost $210,000 including installation. The companyestimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use themachine for six years or about 12,500 total hours. Actual use per year was as follows:Year12Year123456Total456Hours Used3,1001,1003. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimalplaces and use this amount in all subsequent calculations.)1,2002,8002,6001,700UNIVERSITY CAR WASHDepreciation Schedule-Activity-BasedEnd of Year AmountsDepreciationExpenseAccumulatedDepreciationBook Value

Depreciation Expense is incurred on the basis of use, disposition, wear and tear, and Obsolescence…

University Car Wash purchased new soap dispensing equipment that cost $210,000 including installation. The c estimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use machine for six years or about 12,500 total hours. Actual use per year was as follows: Year 1 2 3 5 6 Hours Used 3,100 1,100 1,200 2,800 2,600 1,700 repare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to es and use this amount in all subsequent calculations.) UNIVERSITY CAR WASH