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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of
Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a residual value of $2,700. The equipment was used for 1,400 hours during your 1, 2,600 hours in Year 2, 2,300 hours in Year 3, and 1,260 hours in Year 4. Required: Determine the amount of depreciation expense for the year ended December 31, Year 1. Year 2 Year, and Year 4, by (a) the straight line method, (b) unts-of-output method, and 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 Amount Year Year Year 2 X Year x Year 4 X b. Uns of output method Year Amount Year! 5 Yew 2 $ Years Dot method Year Amount
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