Answered step by step
Verified Expert Solution
Question
1 Approved Answer
just c please. Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $95,850, The equipment was expected to have a
just c please. Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $95,850, The equipment was expected to have a useful le of three years, or 8, 100 operating hours, and a residual value of $2,700. The equipment was used for 1,500 hours during Year 1, 2,800 hours in Year 2, 2,400 hours in Year 3, and 1,400 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, (d) units-of-output method, and (c) the double-dedining-balancn method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dallat, a. Straight-line method Year Amount 23,287.5 Year 1 Year 2 31,050 31,050 Year 3 Year 4 7,762,5 b. Units-of-output method Year Amount Year 1 17,250 Year 32,200 Year 27,600 c. Double-declining-balance method Year Amount Year 1 47,925 x Year 2 31,950 Year 3 10,650 X Year 4 18,600 X Feedback
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started