Mh.dowokerlake AssignmentSessionlocatorinprogress false Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January for $1,013,800. The equipment was expected to have a useful life of four years, or 10,000 operating hours, and a resalul value of 583,800. The equipment was used for 3,500 hours during Year 1.7.100 hours in Year 2, 2,800 hours in Year, and 1,600 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, (by the units of activity method, and the double decling-balance method. Also determine the total deprecation 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-Dechining Year Straight-Line Method Method Balance Method Year 1 Year 2 Year Year 4 Total 2. What method yields the highest depreciation expense for Year 17 3. What method is the most depreciation over the four year ide of the equipment nost) All worked Sunt Test @ o 3