Depreciation Expense 1. Determine the amount of depreciation expense for the years anded December 31, 2014, 2015 and 2018 by (a) the straight in memod.) mei memod, and (c) me bieden habent method Ako determine the total depreciation expense for me three years by each method. (Note: For STRAIGHT-LINE ONLY, round each year to the newest whole dollar and round the last year of depreciation as necessary For DECLIVING BALANCE ONLY round the multiple to four decimal places. Then found the answer for each year to the nearest whole dar) Depreciation Expense Year Straight-Line Method Units-of-Output Method Double Declining Balance Method 1 2014 1 2015 2016 Total WELRULL mparing three gepremion methods Instructions Depreciation Expense Final Questions lostructions Montes Cotton Company purchased packaging equipment on January 5, 2014, for $105.200. Theoqupment was expected to hawa usalu sto of three years, or 20.000 operating hours, and a rotidual value of $7.200. The equipmane was used for 8,520 houn during 2014, 6.940 hours in 2015 and 4,540 hours in 2016 Required: 1. Determine the amount of depreciation exponse for the years anded December 31, 2014, 2015 and 2016 by (a) she ne method for the untsof-ut menos and (c) the double declining balance method. Also determine the total depreciation expense for the three years by each method. (Note: For STRAIGHT-LINE ONLY. round each year to the nearest whole dollar and round the last year of depreciation as necessary for DECLINING BALANCE ONLY round the mutiplier to four decimal places. Then round the answer for each year to the nearest whole dollar) 2. What method yields the highest depreciation plans for 2014? 3. What method yields the most depreciation over the three-year it of the equipment? Pren Nest