Depreciation Methods A company purchased packaging equipment on January 1 for $472,200. The equipment was expected to have a useful life of three years, or 5,700 operating hours, and a residual value of $39,000. The equipment was used for 2,280 hours during Year 1, 1,767 hours in Year 2, and 1,653 hours in Year 3. Determine the amount of depreciation expense for the three years ending December 31, Year 1, Year 2, Year 3, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also, determine the total depreciation expense for the three years by each method. For all methods, round the answer for each year to the nearest whole dollar. SHOW ALL CALCULATIONS Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method Year 1 Year 2 Year 3 Total