N2.cengagenow.com/ilm/take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpro... eBook Calculator Print tam Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $101,250. The equipment was expected to have a useful life of three years, or 7,020 operating hours, and a residual value of $2,970. The equipment was used for 1,300 hours during Year 1, 2,500 hours in Year 2, 2,100 hours in Year 3, and 1,120 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 final multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar a. Straight-line method Year Amount Year 1 24,5707 Year 2 32,760 Year 3 32,760 Year 4 8,190 b. Units-of-activity method Year Amount Year 1 $ 18,200 Year 2 35,000 Next > Check My Work 7.04 11/9/20 o RI Veegayenow.dklassinen takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpro... eBook Calculator Print item Year 3 32,760 Year 4 8,190 b. Units-of-activity method Year Amount Year 1 18,200 Year 2 35,000 Year 3 29,400 Year 4 15,680 c. Double-declining-balance method Year Amount Year 1 X Year 2 Year 3 Year 4 Feed | MV Asset cost minus residual value equals deprecable cost. Straight-line method allocates the depreciable cost of the asset equally over the period of Ice Suim the vearly donreciation to determine total renreciation Next Check My Work o N2.cengagenow.com/ilm/take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpro... eBook Calculator Print tam Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $101,250. The equipment was expected to have a useful life of three years, or 7,020 operating hours, and a residual value of $2,970. The equipment was used for 1,300 hours during Year 1, 2,500 hours in Year 2, 2,100 hours in Year 3, and 1,120 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 final multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar a. Straight-line method Year Amount Year 1 24,5707 Year 2 32,760 Year 3 32,760 Year 4 8,190 b. Units-of-activity method Year Amount Year 1 $ 18,200 Year 2 35,000 Next > Check My Work 7.04 11/9/20 o RI Veegayenow.dklassinen takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpro... eBook Calculator Print item Year 3 32,760 Year 4 8,190 b. Units-of-activity method Year Amount Year 1 18,200 Year 2 35,000 Year 3 29,400 Year 4 15,680 c. Double-declining-balance method Year Amount Year 1 X Year 2 Year 3 Year 4 Feed | MV Asset cost minus residual value equals deprecable cost. Straight-line method allocates the depreciable cost of the asset equally over the period of Ice Suim the vearly donreciation to determine total renreciation Next Check My Work o