Comparing Three Depreciation Methods cted to have a useful life of three years, or 6,000 operating hours, Dexter Industries purchased packaging equipment on January 8 for $ and a residual value of $45,400. The equipment was used for J66,267 Required: 1. Determine the amount of depreciation expense for the three years Year 2 Year 3, by (a) the straight-line method, (b) the units-of- activity method, and (c) the double-declining-balance method. Also determine the ion expense for the three years by each method. Note: For all methods, round the answer for each year to the nearest whole Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method Year 1 $ 168,000 201,600 Year 2 $ 168,000 156,240 122,089 Year 3 $ 168,000 146,160 15,645 Total $ 504,000 504,000 504,001 2. What method yields the highest depreciation expense for Year 1 Double-declining-balance method 3. What method yields the most depreciation over the three-year life of the equipment? All three depreciation methods