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PLEASE ANSWER PART C FOR ME THANK YOU Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $32,670. The equipment
PLEASE ANSWER PART C FOR ME THANK YOU
Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $32,670. The equipment was expected to have a useful life of 3 years, or 7,020 operating hours, and a retidual value of $1,080. The equipment was used for 1,300 hours during Year 1,2,500 hours in Year 2,2,100 hours in Year 3 , and 1,120 hours in Year 4 . Required: Determine the amount of depreciation expense for the years ended December 31 , Year 1 , Year 2 , Year 3 , and Year 4 , by (a) the wraight-line method, (b) the units-ofactivity method, and (c) the double-decining-balance method. 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 a. Straight-line method b. Units-of-activity method c. Double-declining-balance method Step by Step Solution
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