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Can someone please help for parts a-c Depreciation by three methods; partial years Layton Company purchased tool sharpening equipment on October 1 for $29,160. The

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Depreciation by three methods; partial years Layton Company purchased tool sharpening equipment on October 1 for $29,160. The equipment was expected to have a useful life of 3 years or 3,780 operating hours, and a residual value of $810. The equipment was used for 700 hours during Year 1,1,300 hours in Year 2, 1,100 hours in Year 3 , and 680 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 multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. b. Units-of-activity method c. Double-dedining-balance method Feedbad 7 Ched My Work Asset cost minus residual value equals depreciable cost. Sum the yearly depreciation to determine total depreciation. Annual units-of-output depreciation allocates the cost of the asset equally over the hours operated (hours). The double-declining 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

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