Perdue Company purchased equipment on April 1, 2012, for $270,000. The equipment was expected to have a
Question:
Perdue Company purchased equipment on April 1, 2012, for $270,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7,500 hours during 2012, 5,500 hours in 2013, 4,000 hours in 2014, and 1,000 hours in 2015.
Instructions
Determine the amount of depreciation expense for the years ended December 31, 2012, 2013, 2014, and 2015, by
(a) The straight-line method,
(b) The units-of-output method,
(c) The double-declining-balance method.
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Depreciation Expense a b c Straight Units of DoubleDeclining Year Line Production Balance 2012 65250 ...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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