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Dexter Industries purchased packaging equipment on January 8 for $ 4 5 9 , 6 0 0 . The equipment was expected to have a

Dexter Industries purchased packaging equipment on January 8 for $459,600. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $38,000. The equipment 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.
Required:
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-declining-balance method. Also determine the total depreciation expense for the four years by each method. 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 $fill in the blank 1
$fill in the blank 2
$fill in the blank 3
Year 2 $fill in the blank 4
$fill in the blank 5
$fill in the blank 6
Year 3 $fill in the blank 7
$fill in the blank 8
$fill in the blank 9
Year 4 $fill in the blank 10
$fill in the blank 11
$fill in the blank 12
Total $fill in the blank 13
$fill in the blank 14

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