Comparing Three Depreciation Methods What method yields the highest depreciation expense for

Straight$-$line method

Units$-$of$-$output method

Double$-$declining$-$balance method

All three depreciation methods

Waylander Coatings Company purchased waterproofing equipment on January $6$ for $$518,000.$ The equipment was expected to have a useful life of four years, or $7,200$ operating hours, and

a residual value of $$42,800.$ The equipment was used for $2,700$ hours during Year $1,2,200$ hours in Year $2,1,300$ hours in Year $3,$ and $1,000$ hours in Year $4.$

Required:

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

What method yields the highest depreciation expense for Year $1?$

What method yields the most depreciation over the four$-$year life of the equipment?