eBook Print item Razar Sharp Company purchased equipment on July 1, 2014, for $57,780. The equipment was expected to have a useful life of three years, or 7,020 operating nours, and a residual value of $1.620. The equipment was used for 1,300 hours during 2014, 2,500 hours in 2015, 2,100 hours in 2016, and 1.120 hours in 2017. Required: Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by tay 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 2015 $ 2016 2017 b. Units-of-output method Year Amount 2014 2015 2016 2017 C. Double-declining balance method Year Amount 2014 2015 2016 Previous Next