Instructions Dexter Industries purchased packaging equipment on January for $116,600. The equipment was expected to have a useful life of three years, or 20.000 operating hours, and a residualue of 0.500. The equipment was used for 8.700 hours during Year 1.7.380 hours in Your 2 and 3,920 hours in Year 3 Required: 1. Determine the amount of depreciation expense for the three years anded December 31 by father method the m e and fe e ling method. Also determine the total depreciation expense for the tree years by each method. (Note: For STRAIGHT-LINE ONLY found the first two years to the newest whole dollar the round the red year as a For DECLINING BALANCE ONLY round the multiplier to five decimal places. The round the answer for each year to the nearest whole dar) 2. W o dyed the highest depreciation expense for Y 17 3. What method yields the most depreciation over the three-year life of the man Depreciation Expense 1. Determine the amount of depreciation expense for the three years ended 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 three years by each method. (Note: For STRAIGHT-LINE ONLY. round the first two years to the nearest whole dolar, then round the third year as necessary for DECLINING BALANCE ONLY round the multiplier to five decimal places. Then round the answer for each year to the nearest whole dolar) Question not attempted. Depreciation Expense Score: 0/45 Straight-Line Method Units-of-Activity Method Double Declining Balance Method Year 1 Year 2 Year 3