Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January for $216,800. The equipment was expected to have a useful We of three years, or 5,100 operating hours, and residual value of $17.900. The equipment was used for 2,040 hours during Year 1, 1,581 hours in Year 2 and 1,479 hours in Year 3 Required: 1. Determine the amount of depreciation expense for the three years ending December 31, Y 1 Year 2, 3, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-decling-balance method. Also determine the total depreciation expense for the three years by each method Notes for all methods, round the answer for each year to the nearest whole dolar Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining Balance Method Year 1 Year 2 Year Total 2. What the yields the highest depreciation expense for Year 1! 3. What method is the most depreciation over the three year of the equipment Calculator Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $216,800. The equipment was expected to have a useful life of three years, or 5,100 operating hours, and a residual value of $17,900. The equipment was used for 2,040 hours during Year 1, 1,581 hours in Year 2, and 1,479 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, Year 1, Year 2, Year 3, 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 three years by each method. Note: For all methods, round the answer for each year to the nearest whole dollar. Depreciation Expense Straight-Line Units-of-Activity Double-Declining-Balance Method Method Method Year Year 1 Year 2 Year 3 Total 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