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University Car Wash purchased new soap dispensing equipment that cost $213,000 including installation. The company...

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Accounting

University Car Wash purchased new soap dispensing equipment that cost $213,000 including installation. The company estimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows:
\table[[Year,Hours Used],[1,3,000],[2,1,200],[3,1,300],[4,2,700],[5,2,500],[6,1,800]]
Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)
Answer is not complete.
\table[[UNIVERSITY CAR WASH],[Depreciation Schedule-Activity-Based],[End of Year Amounts],[Year,,\table[[ciation],[ense]],\table[[Accumulated],[Depreciation]],Book Value],[1,$,46,400,i,],[2,,18,576,,],[3,,20,124,,],[4,,41,796,,],[5,,so 7a,,]]
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