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hwlp Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on Aprll 1 for $41,880. The equipment was expected to have a useful ife
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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on Aprll 1 for $41,880. The equipment was expected to have a useful ife of three years, ox 5,700 operating hours, snd a riaidual value of $1,980. The equipment was used for 1,000 hours during Year 1,2,000 haurs in year 2,1,700 hours in Year 3 , and 1,000 hours in Yeat 4 . Required: Determine the amount of depreciation expense for the years ended December 31, Year 1 , year 2 , Year 3 , and Year 4 , by (o) the straight-the methad, (t) tue units-ofactivity method, and (c) the double-decilining-balance method, Note: Round all finat values for each depreciation method and each year to the nearest whole dollar. a. Straight-line method b. Units-of-activity method Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3 , and Year 4 , by (a) the sthight-ine methiod, (b) the usits-ofactivity method, and (c) the double-decining-baignce method. Note: Round all final values for each depreciation method and each year to the nearest whole doltar. a. Straight=line method b. Units-of-activity method - nwithle-daclinind-balance method Step by Step Solution
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