Year 2 18,750 Year 3 15,750 Year 4 8,400 c. Double-declining-balance method Year Amount Year 1 27,136 Year 2 $ 1 Year 3 $ Year 4 Feedback Check My Work Asset cost minus residual value equals depreciable cost. Straight-line method allocates the d yearly depreciation to determine total depreciation. Annual units-of-activity depreciation allocates the cost of the asset equally over the units pre The double-declining rate is two times the straight-line rate. Book value is the asset cost mir Compare the total depreciation for all methods over the time period. Recall that straight-line alan balance method is an accelerated method. eBook Calculator Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $54,270. The equipment was expected to have a useful life of three years, or 7,020 operating hours value of $1,620. 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 straight-line method, (b activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. a. Straight-line method YO Amount