Question: Please find the answer for the wrong one. Please make sure it is rounded properly. Depreciation by three methods; partial years Layton Company purchased tool

Please find the answer for the wrong one. Please make sure it is rounded properly.

Please find the answer for the wrong one. Please make sure itis rounded properly. Depreciation by three methods; partial years Layton Company purchased

Depreciation by three methods; partial years Layton Company purchased tool sharpening equipment on October 1 for $39,690. The equipment was expected to have a useful life of 3 years or 5,940 operating hours, and a residual value of $1,080. The equipment was used for 1,100 hours during Year 1,2,100 hours in Year 2, 1,800 hours in Year 3 , and 940 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 unitsof-activity method, and (c) the double-declining-balance 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. a. Straight-line method b. Units-of-activity method c. Double-declining-balance method

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