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Progress:3/6 items eBook Question Content Area Depreciation by Three Methods; Partial Years Perdue Company purchased...

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Accounting

Progress:3/6 items eBook Question Content Area Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $36,720. The equipment was expected to have a useful life of three years, or 5,940 operating hours, and a residual value of $1,080. The equipment was used for 1,100 hours during Year 1, 2,100 hours in Year 2, 1,800 hours in Year 3, and 940 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) units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places

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