Comparin bedepreciation methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $320,000. The equipment was expected to have a useful life of 4 years, or 20,000 operating hours, and a residual value of $35,000. The equipment was used for 7,200 hours during Year 1,6,400 hours in Year 2,4,400 hours in Year 3 , and 2,000 hours in Year-4. Required: 1. Determine the amount of depredation 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-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the 4 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 dollar. 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-of-activity method, and (c) the double-declining-balance method. Also determine the total deprectation expense for the 4 years by each method. Note: FOR DECUINING BALANCE ONIY, round the multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar. 2. What method yleids the highest depreciation expense for Year 1 ? 3. What method yields the most depreciation over the 4-year life of the equlpment