Companng Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $1,043,000. The equipment was expected to have a useful ife of four years, or 10,400 operating hours, and a residual value of $86,200. The equipment was used for 4,000 hours during Year 1, 3,200 hours in Year 2, 1,900 hours in Year 3, and 1.300 hours 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 (s) the straight-line method. (the units-of-activity method, and the double-dedining balance method. Also determine the total depreciation expense for the four years by each method. Note: Round the answer for each year to the nearest whole dollar, Depreciation Expense Straight Line Method Units of Activity Method Double Declining balance Method Year Year Year 2 Year Year 4 Tot 2. What method yields the highest deprecabon expense for Year 17 3. What method vields the most depreciation over the four year of the equipment