Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $300,000. The equipment was expected to have a useful life of four years, or 6,400 operating hours, and a hours during Year 1, 1,344 hours in Year 2, 1,792 hours in Year 3, and 1,024 hours in Year 4 Required: 1. Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double- expense for the four years by each method. Round the answer for each year to the nearest whole dollar. Depreciation Expense Year Straight-Line Method Year 1 Year 2 Year 3 Year 4 Total Units of Activity Method Double-Declining- Balance Methodi $ $ $ 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the three-year life of the equipment?