Question: how to do steps 1 2 and 3 PR 9-2A Comparing three depreciation methods Obj, 2 1. a. Year 1: straight- Dexter Industries purchased packaging

 how to do steps 1 2 and 3 PR 9-2A Comparing

three depreciation methods Obj, 2 1. a. Year 1: straight- Dexter Industries

how to do steps 1 2 and 3

purchased packaging equipment on January 8 for $72.000. The eomi line depreciation,

was expected to have a useful life of three years, or 18,000

PR 9-2A Comparing three depreciation methods Obj, 2 1. a. Year 1: straight- Dexter Industries purchased packaging equipment on January 8 for $72.000. The eomi line depreciation, was expected to have a useful life of three years, or 18,000 operating hours, and reidin $22,500 value of $4500. The equipment was used for 7,600 hours during Year 1,6,000 hours in Year 2 and 4,400 hours in Year 3. Instructions SHW ME NOW EXCEL TEMPLATE 1. Determine the amount of depreciation expense for the three years ending December 31, by (A) the straight-line method, (B) the units-of-activity method, and (C) the double-decining balance method. Also determine the total depreciation expense for the three years by each (Continued)

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