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I need help figuring out the three depreciation methods attached. Thanks! Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproong equipment on January 6 for

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I need help figuring out the three depreciation methods attached. Thanks!

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Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproong equipment on January 6 for $630,000. The equipment was expected to have a useful life of four years, or 6,800 operating hours, and a residual value of $52,000. 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 straightline method, (b) the units-ofoutput 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 Unitsof-Output Method Double-Declining-Balance Method Year 2 $:] $:] $:] Year 4 $:] $:] $:] 2. What method yields the highest depreciation expense for Year 1? v 3. What method yields the most depreciation over the four-year life of the equipment? v

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