Comparing Three Depreciation Methods Waylander Costings Company purchased waterproofing equipment on January 6 for $82 operating hours, and a residual value of $68,400The equipment was used for 3,000 hours during Year 1, 2,500 hours in Year 2, ?A00 hours in Year 3, and 1,100 hours in Year 4 Required: 8,400. The equipment was expected to have a useful life of four years, or 8,000 1. Determine the amount of depreclation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (o) the units-of output 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 whole dollar Depreciation Expense Straight-Line Method Units-of-Output Method Double-Declining-Balance Method Year Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 1 Double-declining-balance method v a. what method yields the most depreciation over the four-year life of the equipment? All three depreciation methods v