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Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $57,600. The equipment was expected to have a useful life of 3 years, or 14,400 operating hours, and a residual value of $3,600. The equipment was used for 5,760 hours during Year 1,4,320 hours in Year 2, and 4,320 hours in Year 3 . Required: 1. Determine the amount of depreciation expense for the 3 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 3 years by each method. Do not round intermediate calculations when determining the depreciation rate. Round the final answers for each year to the nearest whole dollar. 2. What method yields the highest depreciation expense for Year 1 ? 3. What method vields the most depredaton over the 3-year If of the equipment