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eBook Show Me How Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $450,200. The equipment was expected to have a useful life of three years, or 5,100 operatiu and a residual value of $37,100. 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: 1. 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 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 Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method Year 1 137,700 165,240 Year 2 137,700 128,061 Year 3 137,700 119,799 Year Total 413,100 413,100 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 Check My Work 2 more Check My Work uses remaining Previous