eBook Show Me How Calculator Printem Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $376,800. The equipment was expected to have a useful ife of four years, 7,200 per hours, and a residual value of $31,200. The equipment was used for 2,700 hours during Year 1, 2,200 hours in Year 2, 1,300 hours in Year), and 1,000 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 Year Straight Line Method Units of Output Method Double Declining Balance Method Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 17 3. What method yields the most depreciation over the four-year life of the equipment? Previous Check My Work 9 more Check My Work uses remaining All work saved