Comparing three depreciation methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $847,600. The equipment was expected to have a useful life of 4 years, or 9.600 operating hours, and a residual value of $70,000. The equipment was used for 3.600 hours during Year 1. 3.000 hours in Year 2, 1.700 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 (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. Year Straight Line Method Depreciation Expense Units of Activity Double Declining Method Balance Method Year 1 Year 21 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 1 3. What method yields the most depreciation over the 4-year life of the