Reference no: EM132694387
Problem - Perdue Company purchased equipment on April 1 for $270,000. The equipment was expected to have a useful life of three years or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7,500 hours during Year 1, 5,500 hours in Year 2, 4,000 hours in Year 3, and 1,000 hours in Year 4.
Instructions - 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.
(c) the double-declining-balance method.
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