Comparing Three Depreciatioo Methods Waylander Coatings Company purchased waterproofing equipment on lanuary 6 for $589,400. The equipment was expected to have a useful life of four years, or 10,400 operating hours, and a residual value of st8,600, The equipment was used for 4,000 hours during Year 1,3,200 hours in Year 2,1,900 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-decinipg-balance method. Also determine the totai depreciation expense for the four years by cach method. Note: Round the answer for each year to the nearest whole dollar. 3. What method yields the most depreciation over the four-vear life of the equipment