9 Assignment eBook Calculator Print item Depreciation by Three Methods: Partial Years Perdue Company purchased equipment on April 1 for $66,150. The equipment was expected to have a useful life of three years, of 7,560 operating hours, and a residual value of $1,890. The equipment was used for 1,400 hours during Year 1, 2,600 hours in Year 2, 2,300 hours in Year 3, and 1,260 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double declining balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 16,065 21,420 21,420 Year 3 Year 4 5,355 b. Units-of-activity method Year Amount Year 1 $ 11,900 Year 2 22,100 Year 3 $19,5507 Check My Work Ne ment Score: 33.33% All work saved. EDE Suba Asent for CBOOK Calculator Pri tem Year 3 19,550 Year 4 10,710 Double-declining balance method Year Amount Year 1 44,100 x 14,700 X Year 2 Year 3 $ 4,900 X Year 4 $ 560 X Asset cost molts casidual value equals depreciable cost. straight-line prethod allocates the deprechable cost of the asset equally over the period of use. Som the yearly deprecation to total depreciation Annual units of activity depreciation allocates the cost of the asset equally over the units produced hours) The double-dedining rate is two times the straight-line rate. Book value is the asset cost minus accumulated depreciation. Compare the total depreciation for all methods over the time period. Recall that straight-line method allocates the depreciable cost of the asset equally over the period of use, while double declining-balance method is an accelerated method. ck My Work Next mit Score: 33.33% All work saved Emer Save and Submissignment for Grading