Problems: Series A, PR 9-2A Comparing three depreciation methods

Dexter Industries purchased packaging equipment on January 1, 2021 for $81,900. The equipment was expected to have a useful life of 3 years, or 20,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during 2021; 6,000 hours in 2022; and 6,400 hours in 2023.

Instructions: Determine the amount of depreciation expense for December 31, 2021, December 31, 2022, & December 31, 2023 by each of the following methods: (a) straight-line method, (b) units-of-activity method, and (c) double-declining-balance method.

The following columnar headings are suggested for recording the depreciation expense amounts:

Depreciation Expense
Year		Straight-Line Method		Units-of-Activity Method		Double-Declining-Balance Method
2021
2022
2023
Total