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Hi, I am stuck on this question in regards to finding the double declining balance method Perdue Company purchased equipment on April 1 for $32,670.

Hi, I am stuck on this question in regards to finding the double declining balance method

Perdue Company purchased equipment on April 1 for $32,670. The equipment was expected to have a useful life of three years, or 4,860 operating hours, and aresidual valueof $1,080. The equipment was used for 900 hours during Year 1, 1,700 hours in Year 2, 1,500 hours in Year 3, and 760 hours in Year 4.

Required:

Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by thedouble-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.

Thanks!

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