Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $244,600. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $20,200. The equipment was used for 2,600 hours during Year 1, 2,100 hours in Year 2, 1,200 hours in Year 3, and 900 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 four years by each method. Note: Round the answer for each year to the nearest whole dollar. Year Straight-Line Method Year 1 Year 2 Year 3 Year 4 Total Depreciation Expense Units-of-Activity Method Double-Declining-Balance Method