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eBook Calculator Depreciation by Three Methods; Partial Years Perdue Compeny purchased equipment on Apri 1 for $270,000. The equipment was expected to have a useful life of three operating hours, and a residual value of $9,000. The equipment was used for 7,500 hours during Year 1, 5,500 hours i Year 3, and 1,000 hours in Year 4, equipment was expected to have a useful life af three years or 18,000 in Year 2, 4,000 hours in Required: Determine tha amount 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-daclining-balance method. Note: FOR DECLINING BALANCE ONLY, round the answer for sach year to the nearest whole dollar a. Straight-line method Year Year 1 Year 2 Year 3 Year 4 Amount b. Units-of-output method Year i Year 2 0 901