Comparing Three Depreciation Methods. Dexter Industries purchased packoging equipment on January 8 for $72,000, The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1,6,000 hours in Year 2 , and 4,400 hours in Year 3 . Required: 1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2 and Year 3 by (o) the straigheline method, (D) the units-of iactivity mechod, and (c) the double-dectining-belance method. Also determine the total deprecostion expense for the three years by each method. Round the answer for each year to the nearest whole dollar. 2. What method yelds the highest depreciotion expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment? redees ronek Wrimen Ansual units-of -prodoction depreciation alocales the cont of the anet equall over the unis product (houn)