Comparing Three Depreciation Methods

Dexter Industries purchased packaging equipment on January $8$ for $$344,600.$ The equipment was expected to have a useful life of three years, or $5,100$ operating hours, and a residual value of $$28,400.$ The equipment was used for $2,040$ hours during Year $1,1,581$ hours in Year $2,$ and $1,479$ hours in Year $3.$

Required:

Determine the amount of depreciation expense for the three years ending December $31,$ Year $1,$ 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 total depreciation expense for the three years by each method.

Note: For all methods, round the answer for each year to the nearest whole dollar.

Depreciation Expense

$\backslash$table$[[$Year$,$Straight$-$Line Method,Units$-$of$-$Activity Method,Double$-$Declining$-$Balance Method,$],[$Year $1,$$$,$$$,$$$,],[$Year $2,$$$,$$$,$$$,],[$Year $3,$$$,$$$,,],[$Total$,$$$,$$$,,$$