Laring inree Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $348,000. The equipment was expected to have a useful life of four years, or 7,600 operating hours, and a residual value of $28,800. The equipment was used for 2,660 hours during Year 1, 1,596 hours In Year 2, 2, 128 hours in Year 3, and 1,216 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 Units-of-Activity Double-Declining Year Straight-Line Method Method Balance Method Year 1 Year 2 Year 3 Year 4 Total 2. What method vields the bighest depreciation expense for year 3. What method vields the most depreciation over the four-year life of the equipment? Precious