L My Home CengageNOWV2 | Online.. Depreciation by Three M... Comparing T Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on October 1 for $53,050. The equipment was expected to have a useful life of three years, or 7,300 operating hours, and a residual value of $1,950, The equipment was used for 1,300 hours during Year 1, 2,600 hours in Year 2, 2,200 hours in Year 3, and 1,200 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: Round all final values for each depreciation method and each year to the nearest whole dollar. a. Straight-line method Year Year 1 Year 2 Year 31 Year 41 b. Units-of-activity method Year Year 1 Year 2 Year 3 Year 4 Amount Amount c. Double-declining-balance method Year Check My Work 2 more Chert Amount ACCT 1010 Syllabus-AC Determine the amount of depreciation expense for the years ended December 31, Yea activity method, and (c) the double-declining-balance method. Note: Round all final values for each depreciation method and each year to the nearest a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Year 3 Year 4 Amount c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount Check My Work 2 more Check My Work uses remaining 80 77 54 4 02 % 85 All work saved R T 96 32 &7 100 " 84 8 88