Book Show Me How Calculator Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $418,600. The equipment was expected to have a useful life of three years, or 6,000 operating hours, and a residual value of $34,600. The equipment was used for 2,400 hours during Year 1, 1,860 hours in Year 2, ond 1,740 hours in your 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight-line method, (b) the unit of activity method, and (c) the double declining balance method. Also determine the total depreciation expense for the three years by each method. For all methods, 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 Yeart Year 2 Year $ 5 2. What method viels the highest depreciation dense for Year 1? 3. Whethod vields the mis depreciate the three-year life of the