Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for...
Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $627,800. The equipment was expected to have a useful life of four years, or 6,400 operating hours, and a residual value of $51,800. The equipment was used for 2,400 hours during Year 1, 2,000 hours in Year 2, 1,200 hours in Year 3, and 800 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year...
Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $252,000. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $20,800. The equipment was used for 2,600 hours during Year 1, 2,100 hours in Year 2, 1,200 hours in Year 3, and 900 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year...
Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $571,600. The equipment was expected to have a set the of four years, or 7.500 operating hours, and a resise vee of $47,200. The equipment was used for 2,900 hours during Year 1, 2,400 hours in Year 2, 1,400 hours in Year), and 900 hours in Year 4. Requiredi 1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2...
Waylander Coatings Company purchased waterproofing equipment on January 6 for $320,000. The equipment was expected to have a useful life of four years, or 20,000 operating hours, and a residual value of $35,000. The equipment was used for 7,200 hours during Year 1, 6,400 hours in Year 2, 4,400 hours in Year 3, and 2,000 hours in Year 4. 1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year...
PR 10-2B Comparing three depreciation methods OBJ. 2 oWaylander Coatings Company purchased waterproofing equipment on January 6, 2015, for $320,000. The equipment was expected to have a useful life of four years, or 20,000 operating hours, and a residual value of $35,000. The equipment was used for 7,200 hours during 2015, 6,400 hours in 2016, 4,400 hours in 2017, and 2,000 hours in 2018. Instructions 1. Determine the amount of depreciation expense for the years ended December 31, 2015, 2016,...
Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 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 Requiredi 1. Determine the amount of depreciation expense for the three years ending December by (a) the straight-line method, (b) the units-of-activity method, and...
Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $90,000. 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 7,200 hours during Year 1, 5,400 hours in Year 2, and 5,400 hours in Year 3 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...
Comparing three depreciation methods 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. 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...
Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $86,400. The equipment was expected to have a useful life of three years, or 21,600 operating hours, and a residual value of $5,400. The equipment was used for 8,640 hours during Year 1, 6,480 hours in Year 2, and 6,480 hours in Year 3. 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-...
Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $245,200. The equipment was expected to have a useful life of three years, or 7,500 operating hours, and a residual value of $20,200. The equipment was used for 3,000 hours during Year 1, 2,325 hours in Year 2, and 2,175 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, Year 1, Year 2, Year 3, by (a)...