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Comparing three depreciation methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $ 7 2 0 , 8 0 0 . The equipment
Comparing three depreciation methods
Waylander Coatings Company purchased waterproofing equipment on January for $ The equipment was expected to have a useful life of 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 years ended December Year Year Year and Year by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance method. Also determine the total depreciation expense for the years by each 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.
Depreciation Expense
tableYeartableStraightLineMethodtableUnitsofActivityMethodtableDoubleDecliningBalance MethodYear $
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