Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $786,600. The equipment was expected to have a useful life of four years, or 8,800 operating hours, and a residual value of $65,000. The equipment was used for 3,080 hours during Year 1, 1,848 hours in Year 2, 2,464 hours in Year 3, and 1,408 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 Year Straight-Line Method Units of Activity Method Double-Declining Balance Method Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 19 3. What method yields the most depreciation over the four year life of the equipment