Comparing Three Depreciabon Methods Waydander pootings Company purchased waterpmofing equipment on January 6 for $219,800. The equipenent was expected to have a useful ilfe of four years, or 7,200 operating hours, and a reeidual value of $18,200. The equipment was used for 2,700 hours during Year 1,2,200 hours in Year 2,1,300 hours in Year 3 , and 1,000 hours in Year 4 Required: 1. Determine thi amount of deprecistion expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the itralght-1he method, (b) the units-otattivity Thethod, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method Note: Round the answer for asch year to the nearest whole dollar. 4. wnot metnod yinds the nignesc ooprecosonn expense ror rear 12 3. What method yields the most depreciation over the four-year life of the equipment