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I am having issues finding the double-declining-balance method for this question. I have tried doing this by looking at examples similar to my homework on
I am having issues finding the double-declining-balance method for this question. I have tried doing this by looking at examples similar to my homework on Chegg
*70200x(2/3)x(9/12)= $35100, but I still get the wrong answer.
Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $70,200. The equipment was expected to have a useful life of three years, or 4,860 operating hours, and a residual value of $2,160. 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 (a) the straight-line method, (b) the units-of- activity method, and (c) the double-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. Straabtalino method c. Double-declining-balance method Year Amount Year 1 Year 2 23,400 Year 3 Year 4Step by Step Solution
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