Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $366,200. The equipment was expected to have a useful life of four years, or 5,600 operatino hours, and a residual value of $30,200. The equipment was used for 1,960 hours during Year 1,1,176 hours in Year 2,1,568 hours in Year 3 , and 896 hours in Year 4. Required: 1. Determine the amount of deprediation expense for the four years ending December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-dedining-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. 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the four-year life of the equipment