Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $786,600. The equipment was expected to have a useful ife of four years, or 8,800 operating hours, and a condus value of 65,000. The equipment was uned for 3,300 hours during Year 1, 2,700 hours in Year 2, 1.600 hours in Year), and 1,200 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 output method, and (c) the double-declining balance method. Alto determine the total depreciation expense for the four 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 Depreciation Expense Straight-Line Method Units-of-Output Method Double-Declining-Balance Method Year Year Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 19 3. wat method vields the most depreciation over the four-year life of the equipment