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. 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 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 1? 3 What method vielde the most depreciation over the four.vaarlife of the ruinment? Check My Work Previous Next > te of four years, or 10.000 operating hours, and a residual value of 543,200. The equipment was used for 3.800 hours dunng Year 13 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 stra method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense 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 Year 1 Double-Declining-Balance Method Year 2 Straight-line method Units-of-output method Double-declining-balance method All three depreciation methods lest depreciation expense for Year 1? 3. What method yields the most depreciation over the four-year life of the equipment? Check My Work Previous 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 e method, (b) the units-of-activity method, and (c) the double-decli four years by each method. Note: Round the answer for each year to the nearest whole dollar- Year Straight-Line Method Depreciatic Units-of-Activity Year 1 Year 2 Year 3 VAA Straight-line method Units-of-output method est depreciation expense for Year Double-declining-balance method All three depreciation methods It depreciation over the four-year Check My Work All work saved