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Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $816,200. The equipment was expected to have a useful life of four years, or 9,000 operating hours, and a residual value of $67,400. The equipment was used for 3,600 hours during Year 1, 3,000 hours in Year 2, 1,700 hours in Your 3; and 1,300 hour In Year 4 Required: 1. Determine the amount of depreciation expense for the years ended December 31, Year 1 Year 2, Year 3, and Year 4, 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 four years by nach method. Note: Round the answer for each year to the nearest whole dollar Depreciation Expense Year Straight-Line Method Units-of-Activity Method Year 1 Double Declining-Balance Method Year 2 Year 3 Year 4 Total 2. What method vields the highest depreciation expense for Year 19 3. What method yields the most depreciation over the four-year life of the equipment