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Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $195,600. The...

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Accounting

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $195,600. The equipment was expected to have a useful life of three years, or 6,900 operating hours, and a residual value of $16,200. The equipment was used for 2,760 hours during Year 1, 2,139 hours in Year 2, and 2,001 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-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

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