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Monte's Coffee Company purchased packaging equipmart on January 5, 2014, for $105,200. The equipment was expected to have a usett lite of Uree yeurs, or
Monte's Coffee Company purchased packaging equipmart on January 5, 2014, for $105,200. The equipment was expected to have a usett lite of Uree yeurs, or 20,000 operating hours, and a residual value of $7.200. The que was used fox 2.520 hours during 2014, 6940 hours in 2015 and 4.540 hours in 2010. Required: 1. Dotumine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2018 by (a) the stage manod() she voimatut mened, and le) the double de method Ano determine the total depreciation experte for the tree years by and method (Note: For STRAIGHT-LINE ONLY round each year to the nearest whole day and round me last year of depreciation as nossary For DECLINING BALANCE ONLY, round the multiplier to four decimal places. The round the answw for each year to the nearest whold) 2. Wat method you the highest depreciations expanse for 2014? 3. What method yields the most depreciation over the three-year of the equipment
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