Business, 14.11.2019 01:31 moose5597

Dexter industries purchased packaging equipment on january 8 for $72,000. the equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. the equipment was used for 7,600 hours during year 1, 6,000 hours in year 2, and 4,400 hours in year 3.

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 three years by each method. (note: for declining balance only, round the multiplier to five decimal places. then round the answer for each year to the nearest whole dollar.)

depreciation expense

1

year

straight-line method

units-of-activity method

double-declining-balance method

2

year 1

3

year 2

4

year 3

5

total

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Dexter industries purchased packaging equipment on january 8 for $72,000. the equipment was expected...

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