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Sagot :
Under the straight-line depreciation method, the depreciation expenses for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, for Perdue Company, are as follows:
Year Amount
Year 1 $2,858.33 ($11,4333.33 x 3/12)
Year 2 $11,433.33
Year 3 $11,433.33
Year 4 $8,575.01 ($11,433.34 - $2,858.33)
What is the straight-line depreciation method?
The straight-line method is one of the depreciation methods in use by companies to allocate the cost of plants and equipment over their useful lives.
Under the straight-line method, the depreciable amount (cost less residual value) is divided by the estimated useful life.
Other depreciation methods include the unit-of-production, double-declining-balance, and the sum-of-the-years-digit methods.
Data and Calculations:
Equipment cost = $36,100
Residual value = $1,800
Depreciable amount = $34,300 ($36,100 - $1,800)
Estimated useful life = 3 years
Annual depreciation = $11,433.33 ($34,300/3)
Learn more about the straight-line depreciation method at https://brainly.com/question/27258396
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Question Completion:
Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by the straight-line method.
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