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Depreciation by three methods; partial years Layton Company purchased took sharpening equipment on. October 1 for $58,580. The equipment was cxpected to hare a inefid life of 3 years or 7,090 sperating hean, and a residual value of $1,890. 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 few 4 . Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2 , Year 3 , and Year 4 , by (o) the stripht-lose mentod, (8) the in a of artinty method, and (c) the double-decining-balance method. Note: FOR DECIINING BALANCE ONLY, round the multiplier to fotir decinal places. Then round the answer for each year to the nearest whole dullar. a. Straight-line method b. Units-of-activity method atthew Garcia - S... Cases and Concept... b. Units-of-activity method c. Double-declining-balance method