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Computing Partial Period Depreciation under Multiple Depreciation Methods The following information is provided for equipment purchased on August 1 of the current year. Required Compute
Computing Partial Period Depreciation under Multiple Depreciation Methods
The following information is provided for equipment purchased on August of the current year.
Required
Compute depreciation using each of the following methods. Assume the company has a December yearend.
a Straightline depreciation: Compute the annual depreciation rate and depreciation amount for Year through Year
Carry all decimals in calculations; round final answers to the nearest dollar.
b Unitsofproduction method using service hours as a measure of input: Compute the depreciation rate and depreciation amount for the first
partial year assuming service hours of actual operation.
Year
$
c Unitsofproduction method using units produced as a measure of output: Compute the depreciation rate and depreciation amount for the first
partial year assuming units of output.
e Doubledecliningbalance method: Compute the depreciation amount for Year through Year
Carry all decimals in calculations; round final answers to the nearest dollar.
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