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Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January s for $430,000. The equipment was expected to have a useful life of four years, or 7,600 operating hours, and a residual value of $35,600. The equipment was used for 2,660 hours during Year 1,1,596 hours in Year 2,2,128 hours in Yoar 3 , and 1,216 hours in Vear 4 . Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the streight:line muthod, (b) the units-of-activity method, and (c) the doubledeclining-balance method. Also determine the total deprecistion expense for the four vears by each method. Round the answer for each year to the nearest whole dollar. 2. What methed yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the fouryear life of the equipment