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help! Instructions Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $86.900. The equipment was expected to have a useful
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Instructions Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $86.900. The equipment was expected to have a useful ite of three years, or 20.000 operating hours, and a residual value of $6,900 The equipment was used for 8,640 hours during Year 1, 6,710 hours in Your 2 and 4,860 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ended December 3f by (o me strative method (b) the unts-of-activity method and (c) the double declinance method Also determine me total compreciation expense for the three years by each method (Nore For STRAIGHT-LINE ONLY round the first two years to the nearest whole dotar, then round the third year as my For DECLINING BALANCE ONLY, round the multiple to five decimal places Then round the answer for each year to the nearest whow callar) 2 What method yields the highest depreciation expense for Year 17 3. What method yeide the most depreciation over the three-year ite of the equipment RE Depreciation Expense Shaded cells have feedback 1. Determine the amount of depreciation expense for the three years ended December 31 by (a) the straight line method (by the unte-d-actrit mested and te) the double declining balance method Also determine the total depreciation expense for the three years by each method (Nore: For STRAIGHT-LINE ONLY round the first two years to the nearest whole dollar, then round the third yeur as necessary for DECLINING BALANCE ONLY, round the multiplier to u decimal places. Then round the answer for each year to the nearest whole dolar) Depreciation Expense Score 4/45 Year Straight-Line Method Units of activity Method Double Dedining Balance Method 2 Year 1 $86.900.00 586,900.00 586.900.00 6,900.00 Year 2 57,933.00 26.667.00 60.233.00 + Year 3 20.000.00 28,967.00 5 Total $240,000.00 $20,000.00 $66.60 58 23'F * 4 00 o RE decimal places. Then round the answer for each year to the nearest whole dollar) Depreciation Expense Score: 4/45 Year Straight-Line Method Units-of-Activity Method 2 Year 1 Double Dedining Balance Method $86,900.00 57.933.00 28.967.00 586.900.00 3 $86,900.00 26.667.00 60.233.00 Year 2 6.900.00 4 Year 3 20.000.00 5 Total $240.000.00 $20.000.00 $66.60 Points Feedback Step by Step Solution
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