Probs 9-2A & 9-4A eBook Show Me How Calculator Comparing three depreciation methods Instruction Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18.000 operating hours, and a residual value of $4500. The equipment was used for 7600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3 Required: Determine the amount of depreciation expense for the three years ending December 31, by (a) the sagne method, the units achty method and the d i ning betence methog. Also determine the total depreciation expense for the three years by each method Nove For DECLINING BALANCE ONLY round the multiple to the decimal places the round the answer for each year to me nearest whole 2. What method is the highest depreciation expense for Year 1 3. What method is the most depreciation over the three-year of the equipment Instructions Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 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 4,400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years anaing December 31, by a the straight-ane method, (b) the units of activity method, and the doubledecining balance method. Also determine the total depreciation expense for the three years by each method (Nore For DECLINING BALANCE ONLY, round the multiple to dve decimas places. The round me answer for each year to the nearest whole d ar) 2. What method yields the highest depreciason expense for Year 17 3. What method is the most depreciation over the tree-year of the equipment Instructions Chart of Accounts ! Starting questions ! Journal Instructions New thographic equipment, acquired at a cost of $800,000 on March 1 at the begirning of a fiscal year, has an estimated useful le of five years and an estimated residual value of $90,000. The manager requested information regarding the effect of iterative methods on the amount of depreciation expense each year. In the first week of the Sith year, on March 4. the equipment was sold for $135,000 Required 1. Determine the annual repreciation expense for each of the estimated five years of use the accumulated depreciation at the end of each year, and the book value of the equipment are end of each year by (a) the S e menog and the double-eining balance method 2. Joumate the entry to record the seassuring the manager chose the souble-cig-buance meno Jumate the entry to record the sale in 21. assuming that the aument was so 750 do 1135.000 euro mechat of Accounts for exact woring of accounts nentor lotes IMG 3958 Depreciation by two methods, sale of fixed asset Chart of Accounts Starting questions Journal Instructions New ithographic equipment, acquired at a cost of $800,000 on March 1 at the begirning of a fiscal year, an estimated useful life of five years and an estimated residual value of $90,000. The manager requested information regarding the effect of siterative methods on the amount of depreciation expenst each year In the first week of the Sith year, on March 4, the equipment was sold for $135,000 Required: 1. Determine the annual depreciation expense for each of the estimated five years of use the accumulated depreciation at the end of each year, and the book ave of the equipment at the end of each year by the S h ane method and the double-Gecining balance memod 2. Jomize the entry to record the sale assuming the manager chose the double-decining balance method 3. Joume me entry to record the sale in (2), assuming that the game s for 150 n ad of $135.000. Refer to the Chart of Accounts for exact wording of account es