Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $523,200. The equipment was expected to have a useful life of four years, or 10,000 operating hours, and a residual value of $43,200. The equipment was used for 3,800 hours during Year 1, 3,100 hours in Year 2, 1,800 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. Niso determine the total depreciation expense for the four years by each method. Note: Round the answer for each year to the nearest whole dollar Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 17 3. What method vields the most depreciation over the four year life of the equipment