Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $158,800. The equipment was expected to have a useful life of four years, or 5,600 operating hours, and a residual value of $13,200. The equipment was used for 1,960 hours during Year 1, 1,176 hours in Year 2, 1,568 hours in Year 3, and 896 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the three years ending December 31 by (a) the straightline 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. 2. What method yields the highest depreciation expense for Year 1 ? 3. What method yields the most depreciation over the three-year life of the equipment