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Perdue Company purchased equipment on Aprit 1 for 562,370 . The equipment was expected to have a useful life of 3 years, or 4,320 operating
Perdue Company purchased equipment on Aprit 1 for 562,370 . The equipment was expected to have a useful life of 3 years, or 4,320 operating hours, and a reaidyal. value of $1,890. The equipment was used for 800 hours during Year 1, 1,500 hours in Year 2,1,300 hours in Year 3 , and 720 hours in Year 4. Required: Determine the amount of depredation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4 , by (a) the straight-ine method, (b) the units-ofactivity method, and (c) the double-declining-balance mothod. 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 b. Units-of-activity method c. pouble-Gecining-bslance method a. Straight-llne method b. Units-of-activity method c. Doublerdecining-balance method
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