Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $100,000. The equipment was expected to have a useful ilfe of 3 years, of 27,000 operating haurs, a residual value of $5,400. The equipment was used for 10,600 hours during Year 1,8,100 hours in Year 2 , and 8,100 hours in Year 3 . Required 1. Determine the amount of depreciation expense for the 3 years ending Decernber 31 , by (a) the straight-fine method, (b) the units-of-activity method, and (c) the dou declining-balance method. Also determine the total depreciation expense for the 3 years by each method, Do not round intermediate calculations when determinin depreciation rate. Round the final answers for each year to the nearest whole dollar. 2. what metnod yields the highest depreciation expense for Year 1 ? 3. What method yields the most depreciation over the 3-year life of the equipment? Comparing three depreciation methods Dexter Industries purchased packaging equipment on January a for $108,000, The equipment was expected to have a usefol life of 3 years; or 27,000 operating hours, and a residual value of $5,400. The equipment was used for 10,800 hours during Year 1,8,100 hours in Year 2 , and 8,100 hours in Year 3 , Required: declining-balance method. Also determine the total depreciation expense for the 3 years by each 2. What method yields the highest depreciation expense for Year 1 ? 3. What method yields the most depreciation over the 3-year life of the equipment