eBook Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $90,450. The equipment was expected to have a useful life of three years, or 7,020 operating hours, and a residual value of $2,700. The equipment was used for 1,300 hours during Year 1, 2,500 hours in Year 2, 2,100 hours in Year 3, and 1,120 hours in Year 4. Required: Determine the amount of deprciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) 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 method Amount 21,937.5 V Year Year 1 Year 2 29,250 Year 3 29,250 V Year 4 7,312.5 b. Units of activity method Year Amount Year 1 16,250 v Year 2 31,250