Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $298,200. The equipment was expected to have a useful life of four years, or 4,800 operating hours, and a residual value of $24,600. The equipment was used for 1,680 hours during Year 1, 1,008 hours in Year 2, 1,344 hours in Year 3, and 768 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 Double-Declining Year Straight Line Method Method Balance Method Year! Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the four-year life of the equipment? Deprecation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $39,300. The equipment was expected to have a useful life of three years, or 5,400 operating hours, and a residual value of $1,500. The equipment was used for 1,000 hours during Year 1, 1,000 hours in Year 2, 1,600 hours in Year 3, and 900 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1 Year 2 Year 3, and Year a, by (a) the straight line method (b) the units-of-activity method, and (c) the double-declining balance method. Note: Round all final values for each depreciation method and each year to the nearest whole dotat a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Amount Year 1 Year 2 b. Units-of-activity method Year Amount Year 1 Year 2 16 II. Year 3 Year 4 C. Double-declining-balance method Year Amount Year 1 Year 2 $ $ $ Year 3 Year 4 -89