Solution-Determine the amount of depreciation expense for

Determine the amount of depreciation expense for the years

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Reference no: EM13583929

Compare Three Depreciation Methods

Breyer Company purchased packaging equipment on January 3, 2010, for $101,250. The equipment was expected to have a useful life of three years, or 25,000 operating hours, and a residual value of $7,500. The equipment was used for 9,500 hours during 2010, 8,400 hours in 2011, and 7,100 hours in 2012.

Instructions:

1. Determine the amount of depreciation expense for the years ended December 31, 2010, 2011, and 2012, by the Straight-Line Method, the Units-of-Production Method, and the Double-Declining-Balance Method. Also determine the total depreciation expense for the three years by each method.

Reference no: EM13583929

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Determine the amount of depreciation expense for the years

Reference no: EM13583929

Reference no: EM13583929

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