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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $59,940. The equipment was expected to have a useful life of

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  1. Depreciationby Three Methods; Partial Years
  2. Perdue Company purchased equipment on April 1 for $59,940. The equipment was expected to have a useful life of three years, or 6,480 operating hours, and aresidual valueof $1,620. The equipment was used for 1,200 hours during Year 1, 2,300 hours in Year 2, 1,900 hours in Year 3, and 1,080 hours in Year 4.
  3. Required:
  4. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) thestraight-line method, (b)units-of-output method, and (c) thedouble-declining-balance method.
  5. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.

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" CengageNOWv2 | Online teaching and learning resource from Cengage Learning - Google Chrome X https://v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false Chapter 9 - Homework eBook Calculator Print Item a. Straight-line method 1. EX.09-03.ALGO Year Amount 2. EX.09-06 Year 1 3. EX.09-13 Year 2 Year 3 4. EX.09-07 Year 4 5. EX.09-09.ALGO b. Units-of-output method 6. EX.09-10.ALGO Year Amount Year 1 7. EX.09-12.ALGO Year 2 8. EX.09-18.BLANKSHEET.AL... Year 3 9. EX.09-19.BLANKSHEET.AL... Year 4 c. Double-declining-balance method 10. EX.09-20.BLANKSHEET.A... Year Amount 11. PR.09-03.ALGO Year 1 12. PR.09-05.BLANKSHEET.A... Year 2 Year 3 13. PR.09-06.BLANKSHEET.A... Year 4 Progress: 11/13 items Check My Work Previous Next O Type here to search PS 9 ? A 2:47 PM 5/10/2019

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