1. Determine the amount of depreciation expense for the three years onded December 31 by (a) the straight line method. (D) the units of activity method, and (c) the double-declining balance method. Also determine the total depreciation expense for the three years by each method (Note For STRAIGHT LINE ONLY round the first wo years to the noarest whole dow, thon round the third year as necessary For DECLINING BALANCE ONLY, round the multiplier to two decimal places. Then round the answer for each year to me nearest whole dollar) Question not attempted Score: 0/45 Depreclation Expense Straight-Line Units of Activity Method Method 1 Year Double Declining Balance Method Year 1 Year 2 Year Total Dexter Industries purchased packaging equipment on January 8 for $88.900. The equipment was expected to have a unetul site of three years, or 20,000 operating hours, and a residual value of $5.900. The equipment was used for 8,640 hours during Year 1,6,710 hours in Year 2 and 4 450 hours in Year 3 Required: 1. Determine the amount of depreciation expense for the three years ended December 31 by (a) the straight-ine method (b) the unts of activity method, and (c) the double-decine balance method. Also determine the total depreciation expense for the three years by each method. (Note: For STRAIGHT-LINE ONLY, round the first two years to the nearest whole collar, mon round the third year as necessary For DECLINING BALANCE ONLY, round the multiplier to five decimal places. Then round the answer for each year to the nearest whole dotar) 2 What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the three-year ite of the equipment