Business homework help. by Three Methods; Partial YearsRazar 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.Required:Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the , (b) , and (c) the . 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 methodYearAmount2014$2015$2016$2017$b. Units-of-output methodYearAmount2014$2015$2016$2017$c. Double-declining-balance methodYearAmount2014$2015$2016$2017$Check My Work10 more Check My Work uses remaining.PreviousNext
Business homework help
Business homework help. by Three Methods; Partial YearsRazar 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.Required:Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the , (b) , and (c) the . 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 methodYearAmount2014$2015$2016$2017$b. Units-of-output methodYearAmount2014$2015$2016$2017$c. Double-declining-balance methodYearAmount2014$2015$2016$2017$Check My Work10 more Check My Work uses remaining.PreviousNext
