Deprecation by Three Methods: Partal Years Perdue Company purchased equipment on April 1 for $70,470. The equipment was expected to have a useful life of three years, or 5,940 operating hours, and a residual in Year 3, and 940 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1 Year 2. Year 3, and Year 4, by (a) the straight line method, (b) the units-of-activity Note: FOR DECLINING BALANCE ONLY round the final multiplier to four decimal places. Then found the answer for each year to the nearest whole dollar a. Straight line method Year Amount Year 17,070 Year 22,770 Year 22,270 Year 5,693 b. Units-of-activity method Year Amount Year 12.550 Year 24,150 YE 20,700 10,10 Double method Year Amount Year 35,237 Year 11,745 X 11:40 11.746 Depreciation by Three Methods; partial year's Perdue company purchased equipment on April 1 for $70,470. The equipment was expected to have a useful life of three years, or 5,940 operating hours, and a residual value of $2,160. The equipment was used for 1,100 hours during year 1, 2,100 hours in year 2, 1,800 hours in year 3, and 940 hours in year 4