Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $911,200. The equipment was expected to have a useful life of four years, or 8,800 operating hours, and a residual value of $75,200. The equipment was used for 3,080 hours during Year 1, 1,848 hours in Year 2, 2,464 hours in Year 3, and 1,408 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four 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 Units-of-Activity Straight-Line Method Method Year Double-Declining- Balance Method Year 1 209,000 Year 2 $ 209,000 $ Year 3 $ 209,000 $ $ Year 4 $ 209,000 sl Total $ 836,000 $ $