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Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $ 1 0 8 , 0 0 0 . The equipment was

Comparing three depreciation methods
Dexter Industries purchased packaging equipment on January 8 for $108,000. The equipment was expected to have a useful life of 3 years, or 21,600 operating hours, and a residual value of $5,400. The equipment was used for 8,640 hours during Year 1,6,480 hours in Year 2, and 6,480 hours in Year 3.
Required:
Determine the amount of depreciation expense for the 3 years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance myethod. Also determine the total depreciation expense for the 3 years by each method. Do not round intermediate calculations when determining the depreciation rate. Round the final
answers for each year to the nearest whole dollar.
Depreciation Expense
\table[[Year,\table[[Straight-Line],[Method]],\table[[Units-of-Activity],[Method]],\table[[Double-Declining-],[Balance Method]]],[Year 1],[Year 2],[Year 3,,,],[Total,$,$,$
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