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eBook Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $56,700. The equipment was expected to have a useful life of 3 years, or 6,480 operating hours, and a residual value of $1,620. 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) the units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Amount X X Check My Work 4 more Check My Work uses remaining. Previous eBook a. Straight-line method Year Year 1 Year 2 Year 3 $ Year 4 b. Units-of-activity method Amount Year Amount Year 1 X Year 2 X Year 3 $ X Year 4 X c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount Check My Work 4 more Check My Work uses remaining.

eBook Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $56,700. The equipment was expected to have a useful life of 3 years, or 6,480 operating hours, and a residual value of $1,620. 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) the units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Amount X X Check My Work 4 more Check My Work uses remaining. Previous eBook a. Straight-line method Year Year 1 Year 2 Year 3 $ Year 4 b. Units-of-activity method Amount Year Amount Year 1 X Year 2 X Year 3 $ X Year 4 X c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount Check My Work 4 more Check My Work uses remaining.

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...
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eBook Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $56,700. The equipment was expected to have a useful life of 3 years, or 6,480 operating hours, and a residual value of $1,620. 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) the units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Amount X X Check My Work 4 more Check My Work uses remaining. Previous
Transcribed Image Text:eBook Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for $56,700. The equipment was expected to have a useful life of 3 years, or 6,480 operating hours, and a residual value of $1,620. 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) the units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Year 1 Year 2 Amount X X Check My Work 4 more Check My Work uses remaining. Previous
eBook a. Straight-line method Year Year 1 Year 2 Year 3 $ Year 4 b. Units-of-activity method Amount Year Amount Year 1 X Year 2 X Year 3 $ X Year 4 X c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount Check My Work 4 more Check My Work uses remaining.
Transcribed Image Text:eBook a. Straight-line method Year Year 1 Year 2 Year 3 $ Year 4 b. Units-of-activity method Amount Year Amount Year 1 X Year 2 X Year 3 $ X Year 4 X c. Double-declining-balance method Year Year 1 Year 2 Year 3 Year 4 Amount Check My Work 4 more Check My Work uses remaining.
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