Depreciationby Three Methods; Partial Years

Perdue Company purchased equipment on April 1 for $33,750. The equipment was expected to have a useful life of three years, or 5,940 operating hours, and aresidual valueof $1,080. The equipment was used for 1,100 hours during Year 1, 2,100 hours in Year 2, 1,800 hours in Year 3, and 940 hours in Year 4.

Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) thestraight-line method, (b)units-of-activity method, and (c) thedouble-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?

For Year 1 Amount: $_________

For Year 2 Amount: $_________

For Year 3 Amount: $_________

For Year 4 Amount: $_________

c.Double-declining-balance method?

For Year 1 Amount: $_________

For Year 2 Amount: $_________

For Year 3 Amount: $_________

For Year 4 Amount: $_________