Test 2 Calculator Depreciation by Three Methods; Partial Years ? perdue Company purchased equipment on April 1 for $86,670. The equipment was expected to have a useful life of three years, or 7,020 operating hours, and a residual value of $2,430. The equipment was used for 1,300 hours during Year 1, 2,500 hours in Year 2, 2,100 hours in Year 3, and 1,120 hours in Year 4. Required: Petermine 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 Kc) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 $ Year 2 $ Year 3 Year 4 5 b. Units-of-activity method Year Amount Year 1 Year 2 Year 3 s Year 4 5 Previous Next All work saved. Save and Exit Submit Test for Grading Test 2 Calculator a. Straight-line method Year Amount Year 1 s Year 2 $ Year 3 s Year 4 b. Units-of-activity method Year Amount Year 1 Year 2 $ Year 3 5 Year 4 c. Double-declining balance method Year Amount Year 1 5 Year 2 Year 3 s Year 4 5 Previous Next All work saved. Save and Exit Submit Test for Grading