eBook Show Me How Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $341,800. The equipment was expected to have a useful tife of four years, or 5,600 operating hours, and a residual value of $28,200. The equipment was used for 1,950 hours during Year 1, 1,176 hours in Year 2, 1,568 hours in Year 3, and 896 hours in Year 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 Units-of-Activity Straight-Line Method Method Year Double-Declining Balance Method Year 1 78,400 109,760 170,900 Year 2 78,400 85,450 65,856 87,808 Year 3 78,400 78,400 Year 4 50,176 Total 313,600 313,600 2. What method yields the highest depreciation expense for Year 1 3. What method yields the most depreciation over the four year life of the equipment