Comporing Thee Depreciation Methods Dexter lndustres purchased packaging equipment on Janiary 8 for $544,200. The equipment was expected to have a useful life of four years, or 6,400 opernting heurs, and a residual value of $45,000. The equipment was used for 2,240 hours during Year 1,1,344 hours in Year 2,1,792 hours in Year 3 , and 1,024 hours in year 4 Required: 1. Determine the amount of deprecation expense for the four years ending December 31 by (a) the straight line method, (b) the units of-activity mhethod, and (c) the double declining balance method. Aso determine the total depreciation expense for the four years by each riethod. Round the answer for each year to the nearest whole dollar. 2. What method yields the highest depreoation experse for Year 1 ? 3. What method vields the most deprecietion over the four-yoar life of the equiparent