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Waylander Coatings Company purchased waterproofing equipment on January 6 for $ 4 7 9 , 6 0 0 . The equipment was expected to have
Waylander Coatings Company purchased waterproofing equipment on January for $ The equipment was expected to have a useful life of four years, or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year hours in Year and hours in Year
Required:
Determine the amount of depreciation expense for the years ended December Year Year Year and Year by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance method. Also determine the total depreciation expense for the four years by each method.
Note: Round the answer for each year to the nearest whole dollar.
Depreciation Expense
Year StraightLine Method UnitsofActivity Method DoubleDecliningBalance Method
Year $fill in the blank
$fill in the blank
$fill in the blank
Year $fill in the blank
$fill in the blank
$fill in the blank
Year $fill in the blank
$fill in the blank
$fill in the blank
Year $fill in the blank
$fill in the blank
$fill in the blank
Total $fill in the blank
$fill in the blank
$fill in the blank
What method yields the highest depreciation expense for Year
What method yields the most depreciation over the fouryear life of the equipment?
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