Perdue Company purchased equipment on April 1 for $72,360. The equipment was expected to have a useful life of three yea

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Perdue Company purchased equipment on April 1 for $72,360. The
equipment was expected to have a useful life of three years, or
7,020 operating hours, and a residual value of $2,160.
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:
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. Then round the answer for each year to the nearest
whole dollar.

Perdue Company Purchased Equipment On April 1 For 72 360 The Equipment Was Expected To Have A Useful Life Of Three Yea 1 (25.98 KiB) Viewed 41 times

a. Straight-line method Year Amount Year 1 17,550 Year 2 23,400 $ $ $ $ Year 3 23,400 Year 4 5,850 b. Units-of-activity method Year Amount Year 1 $ 13,000 Year 2 ta 25,000 Year 3 21,000 $ $ Year 4 11,200 c. Double-declining-balance method Year Amount Year 1 Year 2 $ $ $ $ Year 3 Year 4