Reference no: EM131715379
Question - Depreciation by Three Methods; Partial Years
Perdue Company purchased equipment on April 1 for $39,960. The equipment was expected to have a useful life of three years, or 4,860 operating hours, and a residual value of $1,080. The equipment was used for 900 hours during Year 1, 1,700 hours in Year 2, 1,500 hours in Year 3, and 760 hours in Year 4.
Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) units-of-output method, and (c) the double-declining-balance method.
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