Perdue Company purchased equipment on April 1 for $38,880. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a residual value of $1,080. The equipment was used for 1,400 hours during Year 1, 2,600 hours in Year 2, 2,300 hours in Year 3, and 1,260 hours in Year 4.
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.
Perdue Company purchased equipment on April 1 for $38,880. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a residual value of $1,080. The equipment was
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