CengageNOWV2 Online teach > Cengage Learning + /takeAssignment/takeAssignment Mandolinvoker=&takeAssignmentSessionLocatore&inprogress false eBook * Show Me How Calculator Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $528,200. The equipment was expected to have a useful life of three years, or 5,700 operating hours, and a residual value of $43,700. The equipment was used for 2,280 hours during Year 1, 1,767 hours in Year 2, and 1,653 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, Year 1, Year 2, Year 3, by() 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 three years by each method. Note: 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 Year 1 161,500 193,800 352,151 X Year 2 161,500 150,195 Year 3 161,500 140,505 Total 484,500 484,500 2. What method yields the highest depreciation expense for Year 17 Double declining balance method 3. What method yields the most depreciation over the three-year We of the equipment? All three depreciation methods Feedback Check My Work Asset cost minus residual value equals depreciable cost. Sum the vearly depreciation to determine total depreciation Previous Next > Check My Work Email instructor Save and Exit All work saved. Submit Assignment for Gradie OG 10:36 PM 8/7/202 O RI 11