Comparing Three Deprestatie Methods Dexter Industries purchased packaging eqvement on January 8 for $279,000. The upment was expected to have a useful life of four years, or 400 pening hours, and residual value of $23,000. The equipment was used for 2,240 hours during Year 1, 1,344 hours in Year 2, 1,792 hours in Year 3, and 1024 hours ar Required 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight line method, (b) the units of activity method, and (1) decling-balance method. Also determine the total depreciation expense for the four years by nach method. Round the answer for each year to the nearest whole dollar. Depreciation Expense Year Straight Line Method Year I Year 2 Year 3 Units of Activity Method Double Declining Balance Method Year 4 Total 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the four-year life of the equipment? Next