Newbirth Coatings Company purchased waterproofing equipment on Jan.22009 for 380

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    Newbirth Coatings Company purchased waterproofing equipment on Jan.22009 for 380000. The equipment was expected to have a useful life of four years or 8000 operating hours and a residual value of 36000. The equipment was used for 3000 hours during 2009 2500 hours in 20101400 hours in 2011 and 1100 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

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