Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $397,600. The equipment was expected to have a useful life of four years, or 6,400 operating hours, and a residual value of $32,800. The equipment was used for 2,240 hours during Year 1, 1,344 hours in Year 2, 1,792 hours in Year 3, and 1,024 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 1? 3. What method yields the most depreciation over the four-year life of the equipment? Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $52,140. The equipment was expected to have a useful life of three years, or 7,200 operating hours, and a residual value of $1,740. The equipment was used for 1,300 hours during Year 1, 2,500 hours in Year 2, 2,200 hours in Year 3, and 1,200 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double- declining-balance method. Note: Round all final values for each depreciation method and each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-activity method Year Amount Year 1 Year 2 $ Year 3 $ Year 4 C. Double-declining-balance method Year Amount Year 1 b. Units-of-activity method Year Amount Year 1 Year 2 Year 3 Year 4 c. Double-declining-balance method Year Amount Year 1 $ Year 2 QUI Year 3 Year 4