-ar 1: straight- eciation, c ) was incorrectly Classic U ovements? Assume that and movements are deprec 10-year life using the double-declining balance method PR 10-2B Comparing three depreciation methods Waylander Coatings Company purchased water roofine e Datings Company purchased waterproofing equipment on January $320,000. The equipment was The equipment was expected to have a useful wife of four years, OT OF 20.000 op- erating hours, and a residual value of $35.000. The equipment was used for during Year 1, 6,400 hours in Year 2. 4.400 hours in Year 3, and 2.000 hours in a OB). 2 he equipment was used for 7,200 hours xcel now w Instructions 1. Determine the amount of depreciation expense for the years ended Decem 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-acus bense for the years ended December 31, Year method, and (c) the double-declining-balance method. Also determine the total de ciation expense for the four years by each method. The following columnar ca are suggested for recording the depreciation expense amounts: Depreciation Expense Straight- Units-of- Double-Declining- Line Activity Balance Year Method Method Method Chapter 10 Long Term Assets: Fixed and Intangible 533 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the four-year life of the equipment