Question: I have no idea what im doing wrong and im getting frustrated. Please Help. 1. Determine the amount of depreciation expense for the years ended
1. 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-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each 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 Double-Declining-Balance Method 360,400 180,200 Depreciation Expense Year Straight-Line Method Units-of-Output Method Year 1 252,300 X 275,500 x Year 2 208,800 x 228,000 Year 3 121,800 x 133,000 X Year 4 78,300 85,500 661,200 722,000 2. What method yields the highest depreciation expense for Year 1? Double-declining-balance method 90,100 45,050 x Total 505,750 x 3. What method yields the most depreciation over the four-year life of the equipment? Units-of-output method
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