Comparing Three Oepredabion Methods Waylander Coatings Company purchased waterproofing equipment on lanuary 6 for 5607,000 , the equipment was expected to have a useful life of four years, or 6,400 operating hours, and a resldual value of $50,200. The equipment was used for 2,400 hours during Year 1,2,000 heurs in Year 2,1,200 hours in Year 3 , and 800 hours in Year 4 . Regutired: 1. Determine the amount of depreciation expense for the years ended Decomber 31, Year 1, Year 2 , Year 3 , and Year 4 , by (a) the straight-fine method, (b) the units of activity method, and (c) the double-dedining-balance method. Also determine the total desrediation expense for the four years by each method. Note: Round the answer for each year to the nearest whole dollar. 2. What metnog yiesas the ngnest oeprecaabon expense tor rear 17 3. What method yields the most depreciation over the fouryeat lifo of the equipment