Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $402,800. The equipment was expected to have a useful life of four years, or 8,400 operating hours, and a residual value of $33,200. The equipment was used for 2,940 hours during Year 1, 1,764 hours in Year 2, 2,352 hours in Year 3, and 1,344 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 $fill in the blank 1 92,400 $fill in the blank 2 $fill in the blank 3 Year 2 $fill in the blank 4 92,400 $fill in the blank 5 $fill in the blank 6 Year 3 $fill in the blank 7 92,400 $fill in the blank 8 $fill in the blank 9 Year 4 $fill in the blank 10 92,400 $fill in the blank 11 $fill in the blank 12 Total $fill in the blank 13 369,600 $fill in the blank 14 $fill in the blank 15