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Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $ 3 5 0 , 2 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 three years, or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year and hours in Year Required: Determine the amount of depreciation expense for the three years ending December Year Year Year by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance method. Also determine the total depreciation expense for the three years by each method. Note: For all methods, round the answer for each year to the nearest whole dollar. Depreciation Expense tableYearStraightLine Method,UnitsofActivity Method,DoubleDecliningBalance MethodYear $$Year $$Year $Total$$ What method yields the highest depreciation expense for Year What method yields the most depreciation over the threeyear life of the equipment?
Comparing Three Depreciation Methods
Dexter Industries purchased packaging equipment on January for $ The equipment was expected to have a useful life of three years, or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year and hours in Year
Required:
Determine the amount of depreciation expense for the three years ending December Year Year Year by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance method. Also determine the total depreciation expense for the three years by each method.
Note: For all methods, round the answer for each year to the nearest whole dollar.
Depreciation Expense
tableYearStraightLine Method,UnitsofActivity Method,DoubleDecliningBalance MethodYear $$Year $$Year $Total$$
What method yields the highest depreciation expense for Year
What method yields the most depreciation over the threeyear life of the equipment?
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