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Depreaubon by Three Methods; Partal Years Perdue Company purchased equipment on Apen 1 for $58,740. The equipment was expected to have a usefut life of

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Depreaubon by Three Methods; Partal Years Perdue Company purchased equipment on Apen 1 for $58,740. The equipment was expected to have a usefut life of three years, or 8,100 operating hours, and a residual valie of 12,040. The equipinent was used for 1,500 hours during Yeat 1,2,100 hours in Year 2,2,400 hours in Year 3 , and 1,400 hours in Year 4. Required: Determine the amount of depreciaton expense for the Years ended December 31, Year 1 , Yes 2 , Year 3, and Year 4 , by (a) the straighteline method, (b) the units-of-activity method, and (c) the dovbie-dediring-balance methodi. Note: Round all final values for each depreciation method and each year to the nearest whole dollar

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