problem 10-4A i need help solving all of it

2. What method yields the highest depreciation expense for 2014? 3. What method yields the most depreciation over the three-year life of the equipment 65,250 PR 10-3A Depreciation by three methods; partial years OBJ. 2 Perdue Company purchased equipment on April 1, 2014, for $270,000. The equipment was expected to have a useful 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 2014, 5,500 hours in 2015, 4,000 hours in 2016, and 1,000 hours in 2017. Instructions Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method. $320,000 expense PR 10-4A Depreciation by two methods; sale of fixed asset OBJ. 2,3 New lithographic equipment, acquired at a cost of $800,000 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $90,000 The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected. In the first week of the fifth year, the equipment was sold for $135,000. Instructions 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the (Continued apter 10 Fixed Assets and Intangible Assets double-declining balance method. The following each schedule: mgs are suggested for & columnar headings are sung Depreciation Expense Accumulated Depreciation, End of Year Book Value End of Year 2. Journalize the entry to record the sale. 3. Journalize the entry to record the sale, as $88,750 instead of $135.000. try to record the sales suming that the ego he equipment was sold for PR 10-5A Transactions for fixed assets, including sale The following transactions, adjusting entries, and Legacy Furniture Co. during a three-year period equipment. The double-declining balance method of deprecia OBJ. 1, 2, 3 closing entries were completed by year period. All are related to the use of delivery thod of depreciation is used. 2014 Jan. 4. Purchased a used delivery truck for $28,000, paying cash Nov. 2. Paid garage $675 for miscellaneous repairs to the truck. Dec. 31. Recorded depreciation on the truck for the year. The estimated user the truck for the year. The estimated useful life of the truck is four years, with a residual value of $5,000 for the truck. 2015 Jan. 6. Purchased a new truck for $48,000, paying cash. Apr. 1. Sold the used truck for $15,000. (Record depreciation to date in 2015 for the truck.) June 11. Paid garage $450 for miscellaneous repairs to the truck. Dec. 31. Record depreciation for the new truck. It has an estimated residual value of $9,000 and an estimated life of five years. 2016 July 1. Purchased a new truck for $54,000, paying cash. the truck purchased January 6, 2015, for $16,750. (Record depreciation to Oct. 2. Sold the truck purchased January 6, 2015. for date for 2016 for the truck.) Dec. 31. Recorded depreciation on the remaining truck. It has value of $12,000 and an estimated useful life of eight years ng truck. It has an estimated residual Instructions Journalize the transactions and the adjusting entries. OB). 4,5 intangible assets during the current PR 10-6A Amortization and depletion entries Data related to the acquisition of timber rights and inta year ended December 31 are as follows: a Timber rights on a tract of land were purchased for stand of timber is estimated at 5.000.000 board for hoard feet of timber were cut and sold for $1.600,000 on February 22. The During the current year, 1,100,000 mined that $5,750,000 of goodwill company determined that $3,750,000