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Depreciation by three methods; partial yearsLayton Company purchased tool sharpening equipment on October 1 for $ 8 0 , 1 9 0 . The equipment

Depreciation by three methods; partial yearsLayton Company purchased tool sharpening equipment on October 1 for $80,190. The equipment was expected to have a useful life of 3 years or 6,480 operating hours, and a residual value of $2,430. The equip was used for 1,200 hours during Year 1,2,300 hours in Year 2,1,900 hours in Year 3, and 1,080 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) the units-of-activity 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 methodYearAmountYear 1Year 2Year 3Year 4b. Units-of-activity methodYearYear 1Year 2Year 3Double-declining-balance methodYearYear 1Year 2Year 3Year
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