Dexter industries purchased packaging equipment in January 8 for $329,600. The equipment was expected to have a useful life of three years, or 7,200 operating hours, and a residual value of $27,200. The equipment was used for 2,880 hours during year 1. 2,232 hours in year 2, and 2,088 hours in year 3.

1.) 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 three years by each method.

*for all method, round the answer for each year to the nearest whole dollar.*

2.) what method yields the highest depreciation expense for year 1?

3.) what methods yield the most depreciation over the three year life of the equipment?

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $329,600. The equipment was expected to have a useful life of three years, or 7,200 operating hours, and a residual value of $27,200. The equipment was used for 2,880 hours during Year 1, 2,232 hours in Year 2, and 2,088 hours in Year 3. Required: 1. 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. Note: For all methods, round the answer for each year to the nearest whole dollar. Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method Year 1 Year 2 Year 3 Total 1. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment