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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $22,410. The equipment was expected to have a useful life
Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $22,410. The equipment was expected to have a useful life of three years, or 4,850 operating hours, and a residual value of $540. The equipment was used for 900 hours during Year 1, 1,700 hours in Year 2, 1,500 hours in Year 3, and 760 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 (0) the double-dening 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 ethod Year Year 1 Year 2 Year 3 Year 4 b. Units-of-output method Amount Year Year 1 year 2 Year 3 Year 4 Amount c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount
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