Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $437,400. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $36,200. The equipment was us

匿名用户 最后更新于 2021-11-19 19:23 会计Accounting

need help with a firm answer for the chart.

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $437,400. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $36,200. The equipment was used for 2,380 hours during Year 1, 1,428 hours in Year 2, 1,904 hours in Year 3, end 1,088 hours in Year * Required: 1. Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar Depreciation Expense Units-of-Activity Double-Declining- Straight-Line Method Method Balance Method Year Year 1 X Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 19 Double declining-batance method 3. What method vields the most depreciation over the three-year life of the equipment? All three depreciation methods

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