Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $563,400. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $46,500. 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: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whale dollar. Depreciation Expense Units-of-Activity Method Year Straight-Line 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 yields the most depreciation over the four year life of the equipment