Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $675,800. The equipment was expected to have a useful life of four years or 10,000 creating our and a residual value of $55,800. The equipment was used for 3,500 hours during Year 1, 2.100 hours in Year 2, 2,800 hours in Year), und 1,600 un in Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight-tre method, (b) the units of shot, do 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 heart whole dollar. Depreciation Expense Units-of-Activity Double-Declining Year Straight-Line Method Method Balance Method