Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on October 1 for $34,180....
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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on October 1 for $34,180. The equipment was expected to have a useful life of three years, or 4,600 operating hours, and a residual value of $1,980. The equipment was used for 800 hours during Year 1, 1,600 hours in Year 2,1,400 hours in Year 3 , and 800 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-ofactivity method, and (c) the double-declining-balance method. Note: Round all final values for each depreciation method and each year to the nearest whole dollar. a. Straight-tine method b. Units-of-activity method Doutle-fecilining-balarice method
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