Dexter Industries purchased packaging equipment on January for $348,000. The equipment was expected to have a lot for you. operating hours, and a residual value of $28,800. The equipment was used for 1,960 hours during your 1, 1.170 hours inom 2.1.4 hours a very and 896 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by tay the straight line method. (b) the to method, and (c) the double-declining balance method, Alto determine the total depreciation experne for the four years by eachy method Hound the answer for each year to the nearest whole dollar Depreciation Expense Units of Activity Double Declining Year Straight-Line Method Method Balance Method Year 1 X Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 19 3. What method vields the most depreciation over the four-year life of the equipment