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Perdue company purchased equipment on April 1 for $270,000. The equipment was expected to have...

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Accounting

Perdue company purchased equipment on April 1 for $270,000. The equipment was expected to have a life of three years or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7,500 hours during year 1, 5,500 hours in Year 2, 4,000 hours in Year 3, and 1,000 hours in Year 4.
Determine the amount of depreciation expense for the years ended Dec. 31st, YEAR 1,2,3,4, by a)straightline method b) units of output method, and c) double declining method.
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Required: Determine the amount of depreciation expense for the years ended December 31, Y Note: FOR DECLINING BALANCE ONLY, round the answer for each year to the neares a. Straight-line method Year Year 1 Year 2 Year 3 Amount 65,250 v 87,000 V 87,000 V Year 4 b. Units-of-output method Year Year 1 Year 2 Year 3 Year 4 Amount 108,750| 79,750? 58,000v 14,500 c. Double-declining-balance Method Year Year 1 Year 2 Year 3 Year 4 Amount Tendback r Check My Work Asset cost minus residual value equals depreciable cost. Sum the yearly deprecia t depreciation allocates the cost of the asset equally over th The double

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