Comparing Three Depreclation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $722,000. The eqaipment was expected to have a useful life af four years, or 9,600 operating hours, and a residual vatue of $59,600. The equipment was used for 3,600 hours during Year 1,3,000 hours in Year 2,1,700 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 afactivity methed, and (c) the double-decining-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: 3. What method yields the most depreciation over the fouryear life of the equipment