lation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $105,200 The equipment was expected to have a useful ife of three years, or 20,000 operating hours, and a tesicduel vale of $7.200. The equipment was used for 8,520 hours during Year 1, 6,940 hours in Year 2, and 4,540 hours in Year 3 Required: Determine the amount of depreciaton expense for the three years ended December 31 by (a) the stagn nerne od b) he units-of activity method, and (c) the double-decining-balance method each method (Note For STRAIGHT-LINE ONLY, round the first two years to the nearest whole dollar, 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 dollar) d Also determine the total depreciation expense for the three years by 2 What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment