Question: Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $ 8 1 , 9 0 0 . The equipment was expected
Comparing three depreciation methods
Dexter Industries purchased packaging equipment on January for $ The equipment was expected to have a useful life of years, or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year and hours in Year
Required:
Determine the amount of depreciation expense for the years ending December by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance method. Also determine the total depreciation expense for the years by each method. Do not round intermediate calculations when determining the depreciation rate. Round the final answers for each year to the nearest whole dollar.
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