Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years, or 14,000 operating hours, and a residual value of $10,000. Compute the depreciation for the first and second years of use by each of the following methods:
Straight Line Depreciation - Full Year Depreciation
Year	Cost	Accum Depr at Beg of Year	Book Value at Beg of Year		Straight Line Rate		Depr for Year	Book Value at End of Year
1	$360,000.00	$0.00	$360,000.00	x
2	360,000	0	360,000	x
3	360,000	0	360,000	x
4	360,000	0	360,000	x
5	360,000	0	360,000	x
					0%
Units of Output - Full Year Depreciation
Year	Cost	Accum Depr at Beg of Year	Book Value at Beg of Year		Units of Activity	Cost Per Unit	Depr for Year	Book Value at End of Year
1	$360,000.00	$0.00	$360,000.00	x	1,200
2	360,000	0	360,000	x	2,250
3	360,000	0	360,000	x	3,000
4	360,000	0	360,000	x	4,350
5	360,000	0	360,000	x	3,200
					14,000
Double Declining Balance - Full Year Depreciation
Year	Cost	Accum Depr at Beg of Year	Book Value at Beg of Year		Double Declining Balance Rate		Depr for Year	Book Value at End of Year
1	$360,000.00	$0.00	$360,000.00	x
2	360,000	0	360,000	x
3	360,000	0	360,000	x
4	360,000	0	360,000	x
5	360,000	0	360,000	x