I ONLY NEED THE ANSWERS FOR TH

FratBro23
Category:
Accounting
Price: $45 USD

Question description

I ONLY NEED THE ANSWERS FOR THE DOUBLE DECLINING BALANCE METHOD! PLEASE HELP!

Depreciation by Three Methods; Partial Years

Perdue Company purchased equipment on April 1, 2014, for $270,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7,500 hours during 2014, 5,500 hours in 2015, 4,000 hours in 2016, and 1,000 hours in 2017.

Required:

Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b)units-of-output method, and (c) the double-declining-balance method



Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.

a.  Straight-line method

YearAmount
2014$
2015$
2016$
2017$

b.  Units-of-output method

YearAmount
2014$
2015$
2016$
2017$

c.  Double-declining-balance Method

YearAmount
2014$
2015$
2016$
2017$

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Boston College
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