Compating Three Depreciation Methods Dexter industries purchased packng ng equ pment on January 8 for $467,000. The ecuioment was expected to have a useful life of four years, or 6,800 operating hours, and a residua value of 336,600 . The equipment was used for 2,390 hours during Year 1, 1,426 hours in Year 2,1,904 hours in Year 3 , and 1,086 hours in Year 4 . Renuired: 1. Determine the amount of deprecation expense for the four years ending December 31 by (a) the straight-line miethod, (b) the units-of-octevity method, and (c) the doubiedecining-baiance method. Also determine the total deprecation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. 2. What nethod sidide the bicheot deoreciation expense for Year I? 3. Wist method viede the moet depreadtion orer the four-vean ite of the equoment