PR10-2A Newbirth Coatings Company purchased waterproofing equipment on Jan.2,2009, for 380,000. The equipment

Newbirth Coatings Company purchased waterproofing equipment on Jan.2,2009, for 380,000. The equipment was expected to have a useful life of four years, or 8,000 operating hours, and a residual value of 36,000. The equipment was used for 3,000 hours during 2009, 2,500 hours in 2010,1,400 hours in 2011, and 1,100 hours in 2012.

Required:

Determine the amount of depreciation expense for the years endedDecember 31, 2009, 2010, 2011and 2012 by

(a)  the straight-line method,  (b) the units of production method, and  (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. The following columnar headings are suggested for recording the depreciation expense amounts.

Year                  Straight-Line         Units of Production           Double declining

                           Method                  Method                         Balance Method