Comporing Three Depreclation Methods Waylander Caatings Campany purchased waterproofing equipment on January 6 for $461,200. The equipment was expected to have a useful life of four years, or 9,200 operating hours, and a reslatual value of $38,000. 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-ofactivity method, 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 four-year life ot the equipment