Business, 11.02.2021 21:10, cynthiauzoma367
Depreciation by Three Methods; Partial Years
Perdue Company purchased equipment on April 1 for $85,590. The equipment was expected to have a useful life of three years, or 5,940 operating hours, and a residual value of $2,430. 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) the 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.
Answers: 3
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Depreciation by Three Methods; Partial Years
Perdue Company purchased equipment on April 1 for $85,...
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