Depreciation by Three Mcthods; Partial Years Perdue Company purchased equipment on Aprill 1 for $66,150. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a residual value of $1,890. The equipment was used for 1,400 hours during Year 1, 2,600 hours in Year 2, 2,300 hours in Year 3, and 1,260 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 (0) the stralghtline method, (b) units-of-output method, and (c) the double-declining-balance 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. a. Straight-line method b. Units-of-output method b. Units-of-output method c. Double-declining-balance method Feedback r Check My Work Asset cost minus residual value equals depreciable cost. Sum the yearly depreciation to determine total depreciation. Annual units-of-output depreclation allocates the cost of the asset equally over the units produced (hours). The double-decilning rate is two times the straight-ine rate. Book value is the asset cost minus accumulated depreclation. 1 more Check My Work uses remaining