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Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have...

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Accounting

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Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of five years, or 14,000 operating hours, and a residual value of $10,000. Compute the depreciation for the first and second years of use by each of the following methods. a. Straight-line: First year Second vear b. Units-of-activity (1,200 hours first year; 2,250 hours second year): First year Second year C. Double-declining-balance: First year Second year

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