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Depreciation by Three Methods: Partial Years Perdue Company purchased equipment on April for 595,850. The equipment was expected to have useful life of three years,
Depreciation by Three Methods: Partial Years Perdue Company purchased equipment on April for 595,850. The equipment was expected to have useful life of three years, or 8, 100 operating hours, and residual value of $2,700. The equipment was used for 1,500 hours during Year 1, 2,800 hours in Year 2, 2.400 hours in Year 3 and 1,400 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1 Year 2. Years, and Year 4, by (a) the straight dine method, () units of the method, and the double-dedining balance method Note: POR DECLINING BALANCE ONLY, round the multipler to four decimal places. Then round the answer for each year to the nearest whole dollar . Straight-line method Amount Year 23,2875 Yeu 31,050 Year 31,050 Yew 7.762.5 V 1). Un output method Year Amount Year 17,250 Year Year 32,200 Year 27,600 Pro Net Check My World C. Double-declining-balance method Year Amount Year 1 47,928 X Year 2 31,950 Year 3 21,300 x Year 4 47,925 X Feedback
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