Question: Please give the correct answer Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $261,600. The equipment was expected to have

Please give the correct answer Comparing Three Depreciation Methods Dexter Industries purchasedPlease give the correct answer

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $261,600. The equipment was expected to have a useful life of four years, or 8,000 operating hours, and a residual value of $21,600. The equipment was used for 2,800 hours during Year 1, 1,680 hours in Year 2, 2,240 hours in Year 3, and 1,280 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. Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining- Balance Method Year 1 $ Year 2 $ Year 3 Year 4 Total

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