Depreciation by three methods; partial years
Layton Company purchased tool sharpening equipment on October for $ The equipment was expected to have a useful life of years or operating hours, and a residual value of $ The equipment was used for hours during Year hours in Year hours in Year and hours in Year
Required:
Determine the amount of depreciation expense for the years ended December Year Year Year and Year by a the straightline method, b the unitsofactivity method, and c the doubledecliningbalance 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.
a Straightline method
Year Amount
Year $
Year $
Year $
Year $
b Unitsofactivity method
Year Amount
Year $
Year $
Year $
Year $
c Doubledecliningbalance method
Year Amount
Year $
Year $
Year $
Year $
