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Butters Company acquires equipment at a cost of $43,780. Assume the equipment was purchased on...

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Accounting

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Butters Company acquires equipment at a cost of $43,780. Assume the equipment was purchased on April 6, 2014, and that the company has a policy of recording a half year's depreciation in the year of acquisition and a half year's depreciation in the year of disposal, Management estimates the equipment will have a residual value of $5,030 at the end of its 4-year useful life. (a) Using the double diminishing-balance method, calculate the depreciation expense for each year of the equipment's life. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation - 2014 Depreciation - 2015 Depreciation - 2016 s Depreciation - 2017 (b) Using the double diminishing-balance method, calculate the depreciation expense in total over the equipment's life. Total depreciation over the equipment's life

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