Comparing Three Depreclation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for 5401,200 . The equipment was expected to have a useful life of four years, or 9,200 operating hours, and a residual value of $33,200. The equipment was used for 3,500 hours during Year 1,2,900 hours in Year 2,1,700 hours in Year 3, and 1,100 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-olactivity 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. 3. What method yeids the most depreciation over the four-year Me of the equipment