Depreciation by Two Methods A Kubota tractor acquired on January 9 at a cost of $45,000 has an estimated useful life of ten years. Assuming that it will have no residual value. a. Determine the depreciation for each of the first two years by the straight-line method. First Year Second Year b. Determine the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your final answer to the nearest dollar. First Year Second Year Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $104,400 has an estimated residual value of $6,500 and an estimated useful life of five years. a. Determine the amount of annual depreciation by the straight-line method. b. Determine the amount of depreciation for the first and second years computed by the double-declining- balance method. Do not round the double-declining balance rate. If required, round your answers to the nearest dollar. Depreciation Year 1 A Year 2 A Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $563,400. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $46,600. The equipment was used for 2,600 hours during Year 1, 2,100 hours in Year 2, 1,200 hours in Year 3, and 900 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-of-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. Depreciation Expense Units-of-Output Method Year Straight-Line Method Double-Declining-Balance Method | Year 1 Year 2 Year 3 h Year 4 Total " 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the four-year life of the equipment