Comparing three depredation methods Dexter Industrles purchased packaging equipment on January 8 for $108,000. The equipment was expected to have a uscful life of 3 years, or 27,000 operating hours, and a residual volue of $5,400. The equipment was used for 10,800 hours during Year 1,8,100 hours in Year 2 , and 8,100 hours in Year 3 . Required: 1. Determine the amount of depreciation expense for the 3 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 depreclation expense for the 3 years by each method. Do not round intermediate calculations when determining the depreciation rate. Round the final answers for each year to the nearest whole dollar. 2. What method yields the highest depreciation expense for Year 1 ? 3. What method yiclds the most depreciation over the 3 -year life of the equipment? Equipment acquired on fanuary 8 at a cost of $150,140 has an estimated useful life of 16 years, has an estimated residual value of $9,500, and is depreclated the stratight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for $105,877. 1. Journalize the entry to record depreciation for the 3 months until the sale date. If an amount box does not require an entry, leave it blank, Round your answers to the nearest whole dollar if required. 2. foumalize the entry to record the sale of the equipment, If an amount box does not require an entry, leave it blank. Do not round intermediate calculations