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eBook Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $ 4 6 , 0 8 0 . The equipment

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eBook
Depreciation by Three Methods; Partial Years
Perdue Company purchased equipment on April 1 for $46,080. The equipment was expected to have a useful life of three years, or 6,300 operating hours, and a residual value of $1,980. The equipment was used for 1,100 hours during Year 1,2,200 hours in Year 2,1,900 hours in Year 3, and 1,100 hours in Year 4.
Required:
Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Note: Round all final values for each depreciation method and each year to the nearest whole dollar.
a. Straight-line method
\table[[Year,Amount],[Year 1,$
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