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Dexter industries purchased packaging equipment on January 8 for 514400. The equipment was expected to have a useful life of four years, or 8000 operating
Dexter industries purchased packaging equipment on January 8 for 514400. The equipment was expected to have a useful life of four years, or 8000 operating hours, and the residual value of 42,400. The equipment was used for 2800 hours during year one, 1680 hours in year two, 2240 hours in year three, and 1280 hours in year 4.
determine the amount of depreciation expense for the three years ending December 31 by straight line method, the units of activity method, and the double declining balance method. Also determine the total depreciation expense for four years by each method. Round the answer for each year to the nearest whole dollar.
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