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QUESTION

Depreciation by Three Methods; Partial Years Razar Sharp Company purchased equipment on July 1, 2014, for $66,150.

  1.  by Three Methods; Partial Years
  2. Razar Sharp Company purchased equipment on July 1, 2014, for $66,150. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a  of $1,890. The equipment was used for 1,400 hours during 2014, 2,600 hours in 2015, 2,300 hours in 2016, and 1,260 hours in 2017.
  3. Required:
  4. Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the , (b) , and (c) the . 
  5. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.
  6. a. Straight-line method
  7. YearAmount2014$2015$2016$2017$b. Units-of-output method
  8. YearAmount2014$2015$2016$2017$c. Double-declining-balance method
  9. YearAmount2014$2015$2016$2017$

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