Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $596,400. The equipment was expected to have a useful life of four years, or 9,600 operating hours, and a residual value of 549,200 . The equigment was used for 3,600 hours during Year 1,3,000 hours in Year 2 , 1,700 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-ofactivity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Note: Round the answer for each year to the nearest whole dollar. A. minas nneunuy yieus uve nignest uepreciation expense tor rear 1 ? 3. What method yields the most depreciation over the four-year ilfe of the equipment