Depreciation.

DAZN Company purchased an equipment on Feb 1, 2010.

Hint. Use a partial-year depreciation calculation.

Cost $7300

Expected residual value $100 Estimated useful life in years 4 Estimated useful life in operating hours 7000

Compute annual depreciation using the following methods:

(a) Straight Line Method;

(b) Units of Output Method (2010 1700 hrs; 2011 1300 hrs; 2012 2100 hrs; 2013

1900 hrs);

(c) Double Declining Balance Method.

Provide your answers with both journal entries and tables.

please explain with details