Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $297,400. The equipment was expected to have a useful life of four years, or 6,800 operating hours and a residual value of $24,600. The equipment was used for 3,300 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 anded 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-deciring-balance method. Also determina the total depreciation expense for the four years by each method. Note: FOR DECLINING BALANCE ONLY, round the multipler to four decimal places. Then round the answer for each year to the nearest whole dallat. Depreciation Expense Straight-Line Method Units-of-Output Method Double-Declining-Balance Method Year Year Year 2 Year 3 Year 4 Tots 2. What method vields the highest depreciation expense for Year 1? 3. What method violds the most depreciation over the four year ite of the equipment