PR 9-3A Depreciation By Three Methods; Partial Years Obj. 2 Perdue Company purchased equipment on April 1 for $270,000. The equipment was expected to have a useful life of three years or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7.500 hours during Year 1,5,500 hours in Year 2, 4,000 hours in Year 3, and 1,000 hours in Year 4. EICH TEMPLATE Instructions 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. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. a. Straight Line Depreciation Expense b. Units-of- Activity Double-Declining- Balance Year Page Totals Calculations: Straight-line method: For full year: Cost Residual Value) Years Yearly Depreciation For part years: Year 1 Depreciation x Portion of Year Depreciation Year 4 Depreciation x Portion of Year Depreciation Units-of-activity method: Gol ----Besidualybe. -L-IL Rate Hours Yearly Depreciation Year 1 Year 2 Year 3 Year 4 Portion of Year Yearly Depreciation Double-declining-balance method Depreciate Balance Year 1 Year 2 Year 3 Since depreciation cannot cause book value to il below residual value: Depreciable Balance Residual Value Year 4 Yearly Depreciation