eBook Show Me How Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $219,800. The equipment was expected to have a useful life of four years, or 7,200 operating hours, and a residual value of $18,200. 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 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. Year Straight-Line Method Depreciation Expense Units-of-Output Method Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 1? Double-Declining-Balance Method 3. What method yields the most depreciation over the four-year life of the equipment? Check My Work 0000 Previous Next > All work saved. Save and Exit Submit Assignment for Grading