Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $116,910. The...

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Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $116,910. The equipment was expected to have a useful life of 3 years, or 8,100 operating hours, and a residual value of $3,510. The equipment was used for 1,500 hours during Year 1, 2,800 hours in Year 2, 2,400 hours in Year 3, and 1,400 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) the units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar. a. Straight-line method Year Year 1 Amount Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Amount Year 3 Year 4 c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $116,910. The equipment was expected to have a useful life of 3 years, or 8,100 operating hours, and a residual value of $3,510. The equipment was used for 1,500 hours during Year 1, 2,800 hours in Year 2, 2,400 hours in Year 3, and 1,400 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) the units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar. a. Straight-line method Year Year 1 Amount Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Amount Year 3 Year 4 c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount

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Answer Depreciation Expense for Perdue Companys Equipment We can calculate the depreciation expense for Perdue Companys equipment using the following ... View the full answer