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Depreciation by Three Methods: Partial Years Perdue Company purchased equipment on April 1 for $28,890. The equipment was expected to have a useful life of

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Depreciation by Three Methods: Partial Years Perdue Company purchased equipment on April 1 for $28,890. The equipment was expected to have a useful life of three years, or 4,320 operating hours, and a residual value of $810. The equipment was used for 800 hours during Year 1, 1,500 hours in Year 2, 1,300 hours in Year 3, and 720 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 Amount Yearl Year 2 Year 3 Year b. Units of output method Year Amount Year 1 Year 2 Previous Check My Work mahu Save and Submit Assignment for Grading AWOIK saved 12:01 AM Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-output method Year Amount Year 1 Year 2 Year 3

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