Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $540,200. The equipment was expected to have a useful life of four years, or 8,400 operating hours, and a residual value of $44,600. The equipment was used for 3,200 hours during Year 1,2,600 hours in Year 2,1,500 hours in Year 3 , and 1,100 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-llie method, (b) the thits-ol: activity 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: 2. What method yleids the highest depreciation expense tor rear ic 3. What method yields the most depreclation over the four-year life of the equipment