Waldum company purchased packaging equipment on january 5

Reference no: EM13569130

Waldum Company purchased packaging equipment on January 5, 2012, for $135,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $13,500. The equipment was used for 8,600 hours during 2012, 5,300 hours in 2013, and 4,100 hours in 2014.

Determine the amount of depreciation expense for the years ended December 31, 2012, 2013, and 2014, for the double declining balance method. Also determine the total depreciation expense.

Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.

Reference no: EM13569130

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