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Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $ 2 5 9 , 4 0 0 . The equipment was
Comparing Three Depreciation Methods
Dexter Industries purchased packaging equipment on January for $ The equipment was expected to have a useful life of four years, or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year hours in Year and hours in Year
Required:
Determine the amount of depreciation expense for the four years ending December by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar.
tableDepreciation ExpenseYearStraightLine Method,tableUnitsofActivityMethodtableDoubleDecliningBalance Methodbar Year $ fill in the blank $ fill in the blank $ fill in the blank Year $ fill in the blank $ fill in the blank $ fill in the blank epsi lonYear $ fill in the blank $ fill in the blank $ fill in the blank subeYear $ fill in the blank $ fill in the blank $ fill in the blank Total$ fill in the blank $ fill in the blank $ fill in the blank
What method yields the highest depreciation expense for Year
Straightline methodUnitsofactivity methodDoubledecliningbalance methodAll three depreciation methods
What method yields the most depreciation over the fouryear life of the equipment?
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