Done engagenow.com AA PREOSOBABLAREITA Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $303,800. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residian value of $25,000. The equipment was used for 2,380 hours during Year 1, 1428 hours in Year 2, 1,904 hours in Year 3, and 1,088 hours in Year Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight- line method, (b) the units-of-activity 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. Depreciation Expense Year 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the four-year life of the equipment? Antiga Done engagenow.com AA PREOSOBABLAREITA Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $303,800. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residian value of $25,000. The equipment was used for 2,380 hours during Year 1, 1428 hours in Year 2, 1,904 hours in Year 3, and 1,088 hours in Year Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight- line method, (b) the units-of-activity 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. Depreciation Expense Year 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the four-year life of the equipment? Antiga DAV Done engagenow.com AA BARBA Theme Pidge Detect re Dessere > On Seh. 2 www Det Sore Done engagenow.com AA Amortization and depletion entries instruction Sturting questions Instructions Data related to the acquisition of timber rights and interesse during the curent your ended December 31 are as follows: A. Timber rights on a tract of und were purchased for 51.406,160 on February 22. The and of timber is estimated at 5.859.000 board feet. During the current year, 1.145.000 board feet of timber were cut and sold B. On December 31, the company determined that $3.522.000 of good was impared C Governmental and legal costs of 87.114.000 were incurred on April in obtaining a Datent with an estimated economic ite of 10 years. Amortization is to be for three fourth of a year Required 1. Determine the amount of the amortization depletion, or impairment for the current year for each of the foregoing 2 Joumalize me adjusting entries required to record the amortization, depletion or impairment for each dem. Refer to the Chart of Accounts for exact wording of account On Seh. 2 www Det Sore Done engagenow.com AA Amortization and depletion entries instruction Sturting questions Instructions Data related to the acquisition of timber rights and interesse during the curent your ended December 31 are as follows: A. Timber rights on a tract of und were purchased for 51.406,160 on February 22. The and of timber is estimated at 5.859.000 board feet. During the current year, 1.145.000 board feet of timber were cut and sold B. On December 31, the company determined that $3.522.000 of good was impared C Governmental and legal costs of 87.114.000 were incurred on April in obtaining a Datent with an estimated economic ite of 10 years. Amortization is to be for three fourth of a year Required 1. Determine the amount of the amortization depletion, or impairment for the current year for each of the foregoing 2 Joumalize me adjusting entries required to record the amortization, depletion or impairment for each dem. Refer to the Chart of Accounts for exact wording of account