1)

Dexter Industries purchased packaging equipment on January 8 for $369,800. The equipment was expected to have a useful life of four years, or 6,400 operating hours, and a residual value of $30,600. The equipment was used for 2,240 hours during Year 1, 1,344 hours in Year 2, 1,792 hours in Year 3, and 1,024 hours in Year 4.

Required:

1. Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight-line method, (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.

Depreciation Expense
Year	Straight-Line Method		Units-of-Activity Method		Double-Declining- Balance Method
Year 1	$fill in the blank 1		$fill in the blank 2		$fill in the blank 3
Year 2	$fill in the blank 4		$fill in the blank 5		$fill in the blank 6
Year 3	$fill in the blank 7		$fill in the blank 8		$fill in the blank 9
Year 4	$fill in the blank 10		$fill in the blank 11		$fill in the blank 12
Total	$fill in the blank 13		$fill in the blank 14		$fill in the blank 15

2)

A truck acquired at a cost of $295,000 has an estimated residual value of $16,150, has an estimated useful life of 39,000 miles, and was driven 3,100 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

(a)	The depreciable cost	$fill in the blank 1
(b)	The depreciation rate	$fill in the blank 2	per mile
(c)	The units-of-activity depreciation for the year	$fill in the blank 3