Comparing Three Depreciation Methods

Dexter Industries purchased packaging equipment on January $8$ for $$992,000.$ The equipment was expected to have a useful life of four years, or $10,000$ operating hours, and a residual value of $$82,000.$ The equipment was used for $3,500$ hours during Year $1,2,100$ hours in Year $2,2,800$ hours in Year $3,$ and $1,600$ hours in Year $4.$

Required:

Determine the amount of depreciation expense for the four years ending December $31$ by $($a$)$ the straight$-$line method, $($b$)$ the unitsof$-$activity method, and $($c$)$ the double$-$declining$-$balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar.

Depreciation Expense

$\backslash$table$[[$Year$,$Straight$-$Line Method,$\backslash$table$[[$Units$-$of$-$Activity$],[$Method$]],\backslash$table$[[$Double$-$Declining$-],[$Balance Method$]]],[$Year $1,$$$1,$$$,$$