answer this quick please. Comparing Three Depreciation Methods Dexter Industries purchased packaging...
60.1K
Verified Solution
Question
Accounting
answer this quick please.
Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $816,200. The equipment was expected to have a useful life of four years, or 9,600 operating hours, and a residual value of $67,400. The equipment was used for 3,360 hours during Year 1,2,016 hours in Year 2,2,688 hours in Year 3, and 1,536 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight-line method, (b) the units-ofactivity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. 2. What method yieids the highest depreciation expense for Year 1 ? 3. What method ylelds the most depreciation over the four-year life of the equipment
answer this quick please.

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.