Comparing three depreciation methods useful life of three years, or Dexter Industries purchased packaging equipment on January 8 for $86,400. The equipment was expected to have 21,600 operating hours, and a residual value of $5,400. The equipment was used for 8,640 hours during Year 1, 6,480 hours in Year 2, and 6,480 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three 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 three years by each method. Round the final answers for each year to the nearest whole dollar. Depreciation Expense Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method Year Year 1 $ Year 2 Year 3 $ $ Total 2. What method yields the highest depreciation expense for Year 1? ouble-declining-balance method 3. What method yields the most depreciation over the three-year life of the equipment? All three depreciation methods Feedback