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Depreciation by Three Methods; Partial Years

Razar Sharp Company purchased equipment on July 1, 2014, for $69,660. The equipment was expected to have a useful life of three years, or 5,400 operating hours, and a residual value of $2,160. The equipment was used for 1,000 hours during 2014, 1,900 hours in 2015, 1,600 hours in 2016, and 900 hours in 2017.

Required:

Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b) units-of-output 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

Year	Amount
2014	$fill in the blank 1
2015	$fill in the blank 2
2016	$fill in the blank 3
2017	$fill in the blank 4

b. Units-of-output method

Year	Amount
2014	$fill in the blank 5
2015	$fill in the blank 6
2016	$fill in the blank 7
2017	$fill in the blank 8

c. Double-declining-balance method

Year	Amount
2014	$fill in the blank 9
2015	$fill in the blank 10
2016	$fill in the blank 11
2017	$fill in the blank 12