Ch 10 Homework Bock Show Me How Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $321,800. The equipment was expected to have a life of three years, or 7,200 operating hours, and a result of 126.00. The equipment was used for 2,880 hours during Year 1, 2,232 hours in Year 2. and 2,088 hours in Year) Required: 1. Determine the amount of depreciation expense for the three years ending December 31, Year 1, Year 2, Year 3, by (a) the shinight line method, () the units activity method, and tes the counter banc method, Alto 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 Year 2 Year 3 Total 2. What od yie the highest depreciation expense for Year 1? 3. What method vields the most depreciation over the three-year of the equipment