596,000, and of the equipment, BE9-5 Butters Company acquires equipment at a cost of $42,000 on January 3, 2014. Management esti- Calculate straight-line mates the equipment will have a residual value of $6,000 at the end of its four-year useful life. Assume the depreciation. (SO 2) AP company uses the straight-line method of depreciation. Calculate the depreciation expense (a) for each year of the equipment's life, and (b) in total over the equipment's life. Butters has a December 31 fiscal y BE9-6 Refer to the data given for Butters Company in BE9-5. Assume instead that the company uses the year end. diminishing-balance method and that the diminishing-balance depreciation rate is double the straight line rate. Calculate the depreciation expense (a) for each year of the equipment's life, and (b) in total over the equipment's life. BE9-7 Speedy Taxi Service una Calculate diminishing- balance depreciation. (SO 2) AP