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Need help with the units of activity method and double declining balance method eBook Show Me How Comparing three depreciation methods Dexter Industries purchased packaging

Need help with the units of activity method and double declining balance method

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eBook Show Me How Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $81,900. The equipment was expected to have a useful life of 3 years, or 20,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 6,400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the 3 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 3 years by each method. Do not round intermediate calculations when determining the depreciation rate. Round the final answers for each year to the nearest whole dollar. Depreciation Expense Straight-Line Units-of-Activity Double-Declining- Year Method Method Balance Method Year 1 25,800 Year 2 25,800 Year 3 25,800 Total 77,400 V

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