Computing Partial Period

c$.$ Record the entry to recognize depreciation for the year

The following information is provided for equipment purchased on August $1$ of the current year.

Required

Compute depreciation using each of the following methods. Assume the company has a December $31$ year$-$end.

a$.$ Straight$-$line depreciation: Compute the annual depreciation rate and depreciation amount for Year $1$ through Year $6.$

b$.$ Units$-$of$-$production method using service hours as a measure of input: Compute the depreciation rate and depreciation amount for the first partial year assuming $900$ service hours of actual operation.

c$.$ Units$-$of$-$production method using units produced as a measure of output: Compute the depreciation rate and depreciation amount for the first partial year assuming $1,800$ units of output.

d$.$ Sum$-$of$-$the$-$years'$-$digits method: Compute the depreciation amount for Year $1$ through Year $6.$

e$.$ Double$-$declining$-$balance method: Compute the depreciation amount for Year $1$ through Year $6.$