081.2 for . erating hours, and a residual value of $35,000. The equipment was used...
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081.2 for . erating hours, and a residual value of $35,000. The equipment was used for 7,200 hu PR 10-2B Comparing three depreciation methods Waylander Coatings Company purchased waterproofing equipment on January 6 $320,000. The equipment was expected to have a useful life of four years, or 20.000 during Year 1, 6,400 hours in Year 2, 4,400 hours in Year 3, and 2,000 hours in Year 4 . Determine the amount of depreciation expense for the years ended December 31, Year ciation expense for the four years by each method. The following columnar headings nstructions 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activitv method, and (c) the double-declining-balance method. Also determine the total depre Depreciation Expense Straight- Line Method Units-of- Activity Method Double-Declining- Balance Method Year
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