Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $872,800. The equipment was expected to have a useful life of four years, or 8,800 operating hours, and a residual value of $72,000. The equipment was used for 3,200 hours during Year 1, 2.700 hours in Year 2, 1,600 hours in Year 3, 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-in method, (b) the units activity 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-Activity Method Double-Declining-Balance Method Year 1 Year Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 1? 3. What method vields the most depreciation over the four year ife of the equipment