Book Show Me how Calculator Printem sposal of Fixed Asset quipment acquired on January 6 at a cost of $386,400, has an estimated useful life of 8 years and an estimated residual value of $50.400. .. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? wander Coatings Company purchased waterproofingem ent on January for $500,000. The equipment was expected to have a useful life of four years, or 6,400 operating hours and residual value of 549.000. The equipment was used for 2.000 hours during Year 1, 2,000 hours in Year 2, 1.200 hours in Year, and 800 hours Year 4. Required: output method, and (c) the double 1. Determine the amount of deprecation expense for the years ended December 31 Year 1 Year 2 Year, and Year 4 by (a) the straight line method (b) the dec - bacethods determine the total deprecation expers for the four years by each method Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dolar