Comporing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $215,000. The equipment was expected to have a useful life of four years, or 6,460 operating haurs, and a residuat value of $17,800. The equlpment was used for 2,380 hours during Year 1,1,428 hours in Year 2,1,904 hours in Year 3 , and 1,088 hours in Year 4 . Requiredt 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 (c) the double-dedining-bauance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the neareat whole dollar. 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the four-year ufe of the equipment? Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on Aprit 1 for $48,210. The equipment was expected to have a useful life of three years, or 6,600 operating hours, and a ceaiduai value of \$2,010. The equipment was used for 1,200 hours during Year 1, 2,300 hours in Year 2,2,000 hours in Year 3 , and 1,100 hours in Year 4 . Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3 , and Year 4 , by (a) the straight-line method, (b) the units-ofactivity method, and (c) the double-deciling-balance method. Note: Round all final values for each depreciation method and each year to the nearest whole dollar. a. Straight-line method b. Units-of-activity method c. Double-declining-balance method