Depreciation by Three Methiods; Partial Years Prrdue Corrpany purchased equigment on April 1 for $56,30. The equapment was expected to hawe a ucefol life of three years, or 7,600 operating hours, and a resadual value of 51,740. The equpment was used for 1,400 boars during Year 1,2,700 hours in Year 2,2,300 hours in. Year 3 , and 1,400 hours in Year 4 Required Determine the amount of depreciation expense for the years ended December 31, Year 1, Vear 2, Year 3, and Year 4, ty (o) the straighe line inethod, (b) the units of acavity, method, and (c) the double declening 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 b. Units-of-activity method c. Double-declining-balance method