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Print item Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7.500 hours during Year 1, 6,000 hours in Year 2, and 4400 hours in Year 3. 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 the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. Round the final answers for each year to the nearest whole dollar Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double Declining-Balance Method Year 2 Year Total 2. What method yields the highest depreciation expense for 3. What method vields the most deprecation over the three-year fe of the count