Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $621,400. The equipment was expected to have a retul Ife of four years, or 7,600 operating hours, and a redus value of $51,400. The equipment was used for 2,660 hours during Year 1, 1,596 hours in Year 2, 2,128 hours in Year 3 and 1,216 hours in your Required: 1. Determine the amount of depreciation expense for the three years ending December 31 by (a) the straight line method, (b) the units-of-activity method, and to 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 Units-of-Activity Double-Declining Year Straight-Line Method Method Balance Method Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 12 3. What method yields the most depreciation over the three year life of the equipment? Previous Check My Work