Comparing Three Depreclation Methods Dexter Industrios purchased packaging equipment on January 8 for $413,400. The equipment was expected to have a useful life of three years, or 4.800 operating hours, and a residual value of \$34,200. The equipment was used for 1,920 hours during Year 1, 1,488 hours in Year 2, and 1,392 hours in Year 3. Required: 1. Determine the amount of depreclation expense for the three vears ending December 31, Year 1, Year 2, Year 3, by (a) the stralght-line method, (b) Uhe unils-or. activity method, and (c) the double-declining-balance rbethod. Also determine the total depreciation expense for the three years by each method. Note: for all methods, found the answer for each yoar to the nearest whole dollst. 2. What method yields the highest depreciation expense for Year 1? x 3. What method yields the most depreciation over the three-year life of the equipment? x