for $72,000 The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500 The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3 INSTRUCTIONS 1 Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight line method, (b) the units of activity method, and (c) the doubledeclining balance method 2 Determine the total depreciation expense for the three years by each method What method yields the highest depreciation expense for Year 1 3 What method yields the most depreciation over the threeyear life of the equipment for $72,000 The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500 The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3 INSTRUCTIONS 1 Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight line method, (b) the units of activity method, and (c) the doubledeclining balance method 2 Determine the total depreciation expense for the three years by each method What method yields the highest depreciation expense for Year 1 3 What method yields the most depreciation over the threeyear life of the equipment

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for $72,000  The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500  The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3  INSTRUCTIONS 1  Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight line method, (b) the units of activity method, and (c) the doubledeclining balance method 2  Determine the total depreciation expense for the three years by each method  What method yields the highest depreciation expense for Year 1  3  What method yields the most depreciation over the threeyear life of the equipment  for $72,000  The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500  The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3  INSTRUCTIONS 1  Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight line method, (b) the units of activity method, and (c) the doubledeclining balance method 2  Determine the total depreciation expense for the three years by each method  What method yields the highest depreciation expense for Year 1  3  What method yields the most depreciation over the threeyear life of the equipment

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for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The

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