Dexter Industries purchased packaging equipment on January 8 for $463,000. The equipment was expected to have a useful life of four years, or 7,200 operating hours, and a residual value of $38,200. The equipment was used for 2,520 hours during Year 1, 1,512 hours in Year 2, 2,016 hours in Year 3, and 1,152 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		$fill in the blank 15