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Dexter Industries purchased packaging equipment on January 8 for $ 9 0 1 , 6 0 0 . The equipment was expected to have a

Dexter Industries purchased packaging equipment on January 8 for $901,600. The equipment was expected to have a useful life of four years, or 8,800 operating hours, and a residual value of $74,400. The equipment was used for 3,080 hours during Year 1,1,848 hours in Year 2,2,464 hours in Year 3, and 1,408 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.

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