Dexter Industries purchased packaging equipment on January 8 for $235,400. The equipment was expected to have a useful life of four years, or 6,00- 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 met nearest whole dollar. Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining- Balance Method Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the four-year life of the equipment? ment on January 8 235,400. The pment was speed to have a s expense for the four Depreciation Expense thod Units of Activity Balance Method ation expense for year Comparing Three Dependation Methods Dexter Industries purchased packaging equipment on January 8 for $235,400. The equipment was expected to have a useful the of four years, or 8.000 operating hours, and a residual value of $19,400. The equipment was used for 2.100 hours during Year 1. 1.200 hours in Year 2, 1.000 hours in Year 3 and 960 four year Required 1. Determine the amount of depreciation expense fo four years ending December 31 by (a) the straight me method, (b) the unit of activity method, and (c) the double-declining balance method. Also determine the total depreciation expense for the four years by wach method. Round the answer for each year to the nearest whole dollar. Depreciation Expe Units Activity Double Declining Year Straight Line Method Method Balance Method Year 1 Year 2 THAT 2 Year 4 Total 2. What method yields the highest depredation expense for year 3. Wut method yields the most depreciation over the four-year Me of the equipment