Depreciation by three methods; partial years Layton Companypurchased tool sharpening equipment on October 1 for $33,480. Theequipment was expected to have a useful life of 3 years or 6,480operating Depreciation by three methods; partial years Layton Company purchased tool sharpening equipment on October 1 for \( \$ 33,480 \). The equipment was expected to have a useful life of 3 years or 6,480 o 1 answer