Need Help with 9-2 Comparing three depreciation methods

apps vincepi UI uIcpreciation . .What would be the effect on the income statement and balance sheet if the cost of filling* and grading land of $12,000 [ payment ( 1)] was incorrectly classified as Land Improvements rather than Land ? Assume Land Improvements are depreciated over a 20 - year life using the double- declining-balance method . PR 9 - 24 Comparing three depreciation methods Obj . 2 light - Dexter Industries purchased packaging equipment on January 8 for $72, 000 . The equipment* ation , was expected to have a useful life of three years , or 18, 000 operating hours , and a residual 2, 500 value of $ 4 , 500 . The equipment was used for 7 , 600 hours during Year 1 , 6, 000 hours in Year 2. and 4 , 400 hours in Year 3 . Instructions MPLATE 1 . Determine the amount of depreciation expense for the three years ending December 31 , by ( A ) the straight - line method , ( B ) the units - of- activity method , and ( C ) the double- declining balance method . Also determine the total depreciation expense for the three years by each ( Continued Chapter 9 Long-Term Assets : Fixed and Intangible* method . The following columnar headings are suggested for recording the depreciation expense amounts :" Depreciation Expense Straight- Units - of - Double - Declining Year Line Method Activity Balance Method Method 2 . What method yields the highest depreciation expense for Year ! ?! 3 . What method yields the most depreciation over the three -year life of the equipment ? PR 9- 3 A Depreciation by three methods ; partial years Obj . 2 Perdue Company purchased equipment on April 1 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 _Time need for 7 5 on hours during Year 1 , 5, 500 hours in Year 2, 4, 000 hours ifDepreciation EXPENSE A . B . Straight Units_ of. Double - Declining - Year Line Activity Balance* I Totals Calculations " Straight- line method ." | Cost Residual Value !* Years Yearly Depreciation Units_ of _ activity method :" ( Cost Residual Value*!* Total Hours Rate* Rate Hours Yearly Depreciation Year 1 Year 2 Year 3 Double - declining -balance method ." Depreciable Balance Rate Yearly Depreciation Year ] Year 2 Since depreciation cannot cause book value to fall below residual value " Depreciable Residual Balance Value* Yearly Depreciation Year 3 The method that yields the most depreciation Expense in Year 1 is the The method that yields the most total depreciation over the three years is the