Solution-Determine the amount of depreciation expense for

Determine the amount of depreciation expense for the years

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Reference no: EM132751086

Problem - Perdue Company purchased equipment on April 1 for $70,200. The equipment was expected to have a useful life of three years, or 6,480 operating hours, and a residual value of $2,160. The equipment was used for 1,200 hours during Year 1, 2,300 hours in Year 2, 1,900 hours in Year 3, and 1,080 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-activity method, and (c) the double-declining-balance method.

Reference no: EM132751086

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Determine the amount of depreciation expense for the years

Reference no: EM132751086

Reference no: EM132751086

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