{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T17:04:12-04:00", "answer_date": "2024-05-27 17:04:12", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1790982", "url": "\/study-help\/questions\/depreciation-by-three-methods-partial-years-perdue-company-purchased-equipment-1790982", "question_creation_date_js": "2024-05-27T17:04:12-04:00", "question_creation_date": "May 27, 2024 05:04 PM", "meta_title": "[Solved] Depreciation by Three Methods; Partial Ye | SolutionInn", "meta_description": "Answer of - Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on October 1 for $42,580. The equipmen | SolutionInn", "meta_keywords": "depreciation,three,methods,partial,years,perdue,company,purchased,equipment,october,1,$42,580", "question_title_h1": " Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on October 1 for $42,580. The equipment was expected to have a useful life", "question_title": " Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on", "question_title_for_js_snippet": "Depreciation by Three Methods Partial Years Perdue Company purchased equipment on October 1 for $42,580 The equipment was expected to have a useful life of three years, or 5,800 operating hours, and a residual value of $1,980 The equipment was used for 1,000 hours during Year 1, 2,000 hours in Year 2, 1,700 hours in Year 3, and 1,100 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 method, and (c) the double declining balance method Note Round all final values for each depreciation method and each year to the nearest whole dollar a Straight line method Year Year 1 Amount Year 2 Year 3 Year 4 b Units of activity method Year Year 1 Year 2 Year 3 Amount Year 4 c Double declining balance method Year Year 1 Year 2 Year 3 Year 4 Amount", "question_description": "\"image", "transcribed_text": "Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on October 1 for $42,580. The equipment was expected to have a useful life of three years, or 5,800 operating hours, and a residual value of $1,980. The equipment was used for 1,000 hours during Year 1, 2,000 hours in Year 2, 1,700 hours in Year 3, and 1,100 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 method, and (c) the double-declining-balance method. Note: Round all final values for each depreciation method and each year to the nearest whole dollar. a. Straight-line method Year Year 1 Amount Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Year 3 Amount Year 4 c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount", "related_book": { "title": "Intermediate Accounting", "isbn": "324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140", "edition": "16th Edition", "authors": "James D. Stice, Earl K. Stice, Fred Skousen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/105.jpg", "uri": "\/textbooks\/intermediate-accounting-16th-edition-105", "see_more_uri": "" }, "free_related_book": { "isbn": "142646147X", "uri": "\/textbooks\/clairvoyance-and-occult-powers-1st-edition-978-1426461477-163014", "name": "Clairvoyance And Occult Powers", "edition": "1st Edition" }, "question_posted": "2024-05-27 17:04:12", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/a-metallic-block-specific-heat-500-jkg-k-of-100-418827", "description": "A metallic block (specific heat 500 J\/kg K) of 100 kg mass having a temperature of 360 K is immersed in an insulated tank containing 40 kg of water at 300 K. 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