{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T21:01:45-04:00", "answer_date": "2024-05-28 21:01:45", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1857815", "url": "\/study-help\/questions\/depreciation-by-three-methods-partial-years-perdue-company-purchased-equipment-1857815", "question_creation_date_js": "2024-05-28T21:01:45-04:00", "question_creation_date": "May 28, 2024 09:01 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 April 1 for $97,740. The equipment | SolutionInn", "meta_keywords": "depreciation,three,methods,partial,years,perdue,company,purchased,equipment,april,1,$97,740", "question_title_h1": " Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $97,740. 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 April 1 for $97,740 The equipment was expected to have a useful life of three years, or 7,020 operating hours, and a residual value of $2,970 The equipment was used for 1,300 hours during Year 1, 2,500 hours in Year 2, 2,100 hours in Year 3, and 1,120 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) 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 Year Year 1 Year 2 Amount Year 3 Year 4 b Units of output method Year Year 1 Year 2 Year 3 Year 4 A Amount c Double declining balance method Check My Work x Previous", "question_description": "\"image\"image\"image", "transcribed_text": "Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $97,740. The equipment was expected to have a useful life of three years, or 7,020 operating hours, and a residual value of $2,970. The equipment was used for 1,300 hours during Year 1, 2,500 hours in Year 2, 2,100 hours in Year 3, and 1,120 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) 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 Year Year 1 Year 2 Amount Year 3 Year 4 b. Units-of-output method Year Year 1 Year 2 Year 3 Year 4 +A Amount c. Double-declining-balance method Check My Work x Previous", "related_book": { "title": "Financial And Managerial Accounting", "isbn": "1337119202, 978-1337119207", "edition": "14th Edition", "authors": "Carl S. Warren, James M. Reeve, Jonathan Duchac", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64634277d1690_1244.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-14th-edition-1244", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8860848740", "uri": "\/textbooks\/emotional-quicksand-staying-positive-in-negative-situations-1st-edition-979-8860848740-229977", "name": "Emotional Quicksand Staying Positive In Negative Situations", "edition": "1st Edition" }, "question_posted": "2024-05-28 21:01:45", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/fx-eax-x-where-a-377737", "description": "You are appraising a three-year-old, single-tamily residence. The total square footage of the livable area is 2,500. The garage is 500 sq. ft. 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