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5. PR. 10.02.ALGO (Algorithmic) Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $300,800. The equipment was expected to have a useful life of four years, or 9,200 operating hours, and a residual value of $24,800. The equipment was used for 3,220 hours during Year 1, 1,932 hours in Year 2, 2,576 hours In Year 3, and 1,472 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four 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 four years by each method. Round the answer for each year to the nearest whole dollar. yes Depreciation Expense $300 SOO HILS Double-Declining- Balance Method units $ $ $ $ $ Year Straight-Line Method Units-of-Activity Method Year 1 900 $275960 Year 2 69000 $ 165591 Year 3 $280780 $ Year 4 $12165 $ Total 270.000 $ 188531 $ 9000 109ao $ She Doble x2 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the four-year life of the equipment? 2710,ooo -69.000 3ob800-24800 - 85.71 Der hr