Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $55,080. The equipment was expected to have a useful life of three years, or 4,860 operating hours, and a residual value of $1,620. The equipment was used for 900 hours during Year 1, 1,700 hours in Year 2, 1,500 hours in Year, and 760 hours in Year 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. by units of activity method, and (c) the double-dedining-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 2 Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Amount Year 1 Year 2 Previous Next VA