Question
Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $52,920. The equipment was expected to have a useful life of
Depreciation by three methods; partial years
Perdue Company purchased equipment on April 1 for $52,920. The equipment was expected to have a useful life of 3 years, or 5,400 operating hours, and a residual value of $1,620. The equipment was used for 1,000 hours during Year 1, 1,900 hours in Year 2, 1,600 hours in Year 3, and 900 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 the double-declining-balance method.
Note: FOR DECLINING BALANCE , round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar.
1. Double-declining-balance method- Fill in the amount
Year | Amount |
---|---|
Year 1 | $ |
Year 2 | $ |
Year 3 | $ |
Year 4 | $ |
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