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Layton Company purchased tool sharpening equipment on October 1 for $ 2 5 , 3 8 0 . The equipment was expected to have a

Layton Company purchased tool sharpening equipment on October 1 for $25,380. The equipment was expected to have a useful life of 3 years or 3,780 operating hours, and a residual value of $810. The equipment was used for 700 hours during Year 1,1,300 hours in Year 2,1,100 hours in Year 3, and 680 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.

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a StraightLine Method Year 1 25380 8100 3780 hours 700 hours 1400 Year 2 25380 8100 3780 hours 1300 ... blur-text-image

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