Depreciation by Three Methods, Partial Years e of three years or 12,000 operating hours, and a residual value of 57.100. The equipment was Layton Company purchased to sharpening equipment on October 1 for $100.000. The equipment was expected to have a us used for 1.350 hours during Year 1, 4,200 hours in Year 2, 3,650 hours in Year), and 2.000 hours in Year 4 Required: Determine the amount of depreciation expense for the years ended December 31, Year 1 Year 2 Year), and Year 4, by (a) the straight line method, b) the units of activity method, and (c) the double declining balance method Note: FOR DECLINING BALANCE ONLY, round the multiplier to five decimal places. Then, round the answer for each year to the nearest whole dollar a. Straight line method b. Units-of-activity method Year 2 Year 3 Year 4 c. Double-declining-balance method Year Amount Year 1 A Year 2 A Year 3 A Year 4 A Feedback Check My Work Asset cost minus residual value equals depreciable cost. Sum the yearly depreciation to determine total de Annual units-of-output depreciation allocates the cost of the asset equally over the hours operated (hours The double-declining rate is two times the straight-line rate. Book value is the asset cost minus accumulat Compare the total depreciation for all methods over the time period. Recall that straight-line method alloc accelerated method