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Depreciation by three methods; partial years Layton Company purchased tool sharpening equipment on October 1 for $ 4 6 , 7 1 0 . The
Depreciation by three methods; partial years Layton Company purchased tool sharpening equipment on October for $ The equipment was expected to have a useful life of years or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year hours in Year and hours in Year Required: Determine the amount of depreciation expense for the years ended December Year Year Year and Year by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance 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 Straightline method Year Amount Year $ Year $ Year $ Year $ b Unitsofactivity method Year Amount Year $ Year $ Year $ Year $ c Doubledecliningbalance method Year Amount Year $ Year $ Year $ Year $
Depreciation by three methods; partial years
Layton Company purchased tool sharpening equipment on October for $ The equipment was expected to have a useful life of years or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year hours in Year and hours in Year
Required:
Determine the amount of depreciation expense for the years ended December Year Year Year and Year by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance 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 Straightline method
Year Amount
Year $
Year $
Year $
Year $
b Unitsofactivity method
Year Amount
Year $
Year $
Year $
Year $
c Doubledecliningbalance method
Year Amount
Year $
Year $
Year $
Year $
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