Comparing three dopreciation methods Waylander Coatings Compeny purchased waterproofing eculpment on lanuary 6 for $321,800. The equipment was expected to have a daful iife of 4 years, or 7,200 . operating hours, and a residasi value of s26,600. The equlpment wos used for 2,700 hours during Year 1,2,200 hours in Yesr 2 , 1,300 hours in Year 3 , and 1,000 hours in Year 4. Required: 1. Determine the amount of depreciation exponse fon the years ended December 31, Year 1, Year 2 , Year 3 , and Year 4 , by (b) the straight-1ine method, (b) the unitsof-botivey method, and (c) the double-dedining-balance method. Also determine the total depreciation expense for the 4 yeari by esch mathod. Note: FoR DECLINING BALAACE ONLY, round the multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar, 2. What mathod yolds the highest depreciation axpense for Year 1 ? 3. What mathod yiolds the mast deprecietion over the 4 year life of the equpmest Waylender Costings Company purchased waterproofing equipment on January 6 for $321,800 - The equipment was expected to heve a useful life of 4 years, or 7,200 operating hours, and a residual value of $26,600. 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 yeor 4. Required: 1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Yoar 3, and Year 4, by (a) the straight-line method. (b) the unit1of-activity methed, and (c) the double-declining-belance method. Also determine the total deprociation expente for the 4 years by each methgd. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimat places. Thei, round the answer for each year to the nearest whole dollar. 2. What method velds the highest depreciation expense for Year 1 ? 3. What method nelds the most depreciation orwe the 4-year ste of the equpment