1. determine the amount of depreciation expense for the four years ending December 31 by the straight line method, the units of activity method, and the double declining balance method also determine the total appreciation expense for the four years by each method round the answer to four each year to the nearest whole dollar.

2.

A straight line method

units of activity method,

double declining balance method,

all three depreciation methods

3.

straight line method,

unit of activity method,

double declining balance method,

all three depreciation methods

Dexter Industries purchased packaging equipment on January 8 for $422,400. The equipment was expected to have a useful life of four years, or 7,600 operating hours, and a residual value of 534,800 . The equipment was used for 2,660 hours during Year 1, 1,596 hours in Year 2, 2,128 hours in Year 3 , and 1,216 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the stnight-linie methiod, (b) the units-of activity method. and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. 2. What method vields the highest depreciation expente for Year 1? 3. What method yields the most depreciation over the fouryear lfe of the equipment