Comparing the deption methods Destar Industrlos purchased packaging equipment on saanry for $22.000. The sculpinent was axpected to have an actul be of three years, or 18,000 operating tours, and are al vokse of $4, s. The equipment was used for 7,000 hours during Year 1.6,000 hours in Year 2, and 4,400 houts in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by {n} the straight-line method, (b) the units-of-edity method, and (c) the double declining balance method Also determine the total depreciation expense for the three years by each method Note: Round the answer for each year to the natus while dollar Depreciation Expense Straight Line Method Unit of Activity Method Double-Declinine Balance Method Year Year 2 Ye 2. What method hold the highest deprecationele for your 3. What method vieles the most depreciation wer the three year of the cent? Depreciation Expense Units-of-Activity Method Year Straight-Line Method Double-Declining-Balance Method Year 1 Year 2 Year 3 Total 2. What method yields the highest depreciation expense for Year 1? Lepreciation over the three-year life of the equipment? Straight-line method Units-of-activity method Double-declining-balance method All three depreciation methods Check My Work Depreciation Expense Units-of-Activity Method Year Straight-Line Method Double-Declining-Balance Method Year 1 Year 2 Year 3 Total 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment? Straight line method Units-of-activity method Double-declining-balance method All three depreciation methods Comparing the declan methode Dexter Industries purchased packaging equipment on January for $72,000. The equipment was expected to have a varful life of three years, or 18.000 operating hours, and a resident value of $4,500. The equipment was used for 7,600 hours during Year 16,000 hours in Year 2 and 4400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years endinu December 31, by (a) the straight line method, c) the units of activity method, and (c) the double declining balance method Nise determine the total depreciation one for the three years by exch method Note: Round the answer for each year to the nearest whole ole Depreciation Expense Strnight-Line Method Unite of Activity Method Double Declining-Galance Method Year 1 Year Year 2 Year Total 2. What method viells the Night depreciation expense for year? 1. What method viela the most depreciation over the three year life of the more