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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,

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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. The equipment was used for 7,500 hours during Year 1, 5,500 hours in Year 2, 4,000 hours in Year 3, and 1,000 hours in Year 4 Required Determine the amournt 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)units-of-output method, and (c) the double-decining- balance method. Note: FOR DECLINING BALANCE ONLY, round the answer for each year to the nearest whole dollar ear 1 Year 2 Year 3 Year 4 65,250 b. Units-of-output method 108,750 Year 2 79,750 58,000 14,500 Year 3 e. Double-declining-balance Method Year 1 Year 2 Year 3 Year 4 135,000

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