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need help filling in the rest of the blanks X Depreciation Expense b. Units of Production Straight Line Year Double-Declining Balance 2014 2015 2016 2017
need help filling in the rest of the blanks
X Depreciation Expense b. Units of Production Straight Line Year Double-Declining Balance 2014 2015 2016 2017 65,250 87,000 87,000 21.750 108,750 79.750 58,000 14,500 Totals Calculations: 1 Straight-line method: For full year: (Cost Residual Value $ 270,000 9,000 For part years: 2014 Depreciation x Portion of You Years 3 Yearly Depreciation 12-Mar-38 Depreciation 2017 Depreciation x Portion of You Depreciation Units-of-production method: (Cost Resdual Value 1 Total Hours Rate Rate Hours Yearly Depreciation 3 4 5 6 7 8 9 0 1 2 3 2014 2015 2016 2017 Yearly Deprecation 45 56 7 58 59 50 31 Double-declining-balance method: Depreciable Balance Rate x Portion of Year 2014 2015 2016 Since depreciation cannot cause book value to fall below residual Value: Depreciable Balance Residual Value Yearly Depreciation 2017 V2.2014: 565,250 PR 10-3A Depreciation by three methods; partial years OBJ. 2 Perdue Company purchased equipment on April 1, 2014, for $270,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7.500 hours during 2014, 5,500 hours in 2015, 4,000 hours in 2016, and 1,000 hours in 2017. Instructions Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method Step by Step Solution
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