Question: Question Content Area Depreciation by three methods; partial years Layton Company purchased tool sharpening equipment on October 1 for $ 6 6 , 6 9

Question Content Area
Depreciation by three methods; partial years
Layton Company purchased tool sharpening equipment on October 1 for $66,690. The equipment was expected to have a useful life of 3 years or 8,100 operating hours, and a residual value of $1,890. The equipment was used for 1,500 hours during Year 1,2,800 hours in Year 2,2,400 hours in Year 3, and 1,400 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 units-of-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.
 Question Content Area Depreciation by three methods; partial years Layton Company

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