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Comparing Three Depreciation MethodsDexter Industries purchased packaging equipment on January 8 for $ 5 5 8 , 0 0 0 . The equipment was expected
Comparing ThreeDepreciationMethodsDexter Industries purchased packaging equipment on January for $ The equipment was expected to have a useful life of four years, or operating hours, and aresidual valueof $ The equipment was used for hours during Year hours in Year hours in Year and hours in Year Required:Determine the amount of depreciation expense for the four years ending December by a thestraightline method, b theunitsofactivity method, and c thedoubledecliningbalance 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.
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