Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $176,600. The equipment was expected to have a useful life of four years, or 6,000 operating hours, and a residual value of $14,600. The equipment was used for 2,100 hours during Year 1, 1,260 hours in Year 2, 1,680 hours in Year 3, and 960 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. Year Depreciation Expense Units-of-Activity Straight-Line Method Method Double-Declining Balance Method K Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 12 3. What method yields the most depreciation over the four year life of the equipment