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5 15 points Equipment purchased at the beginning of the fiscal year for $360.000 is expected to have a useful life of 5 years, or
5 15 points Equipment purchased at the beginning of the fiscal year for $360.000 is expected to have a useful life of 5 years, or 14.000 operating hours, and a residual value of $10,000. Assume 1.200 hours were used the first year and 2,250, the second year. What is the first-year depreciation for straight-line (SL), double-declining balance (DDB) and units-of-output (UOC) methods? Show your work in arriving at the answers. First Year SL DDB UOO
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