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Need the two red boxes with xs to be corrected. Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $421,200.

Need the two red boxes with xs to be corrected. image text in transcribed
Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $421,200. The equipment was expected to have a useful life of four years, or 9,200 operating hours, and a residual value of $34,800The equipment was used for 3,500 hour unng Year 1, 2,900 hors n Year 2. 1,700 hous n Year 3, and 1.100 ton 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-dedlining-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 Straight-Uine Methocd Units-of-Output Method Double-Declining-Balance Method Year Year 1 Year 2 Year 3 Year 4 Total 2. What method yields the highest depreciation expense for Year 17 96,600 96,600 96,600v 96,600 386,400 147,000 121,800 71,400 46,200 386,400 210,600 105,300 52,650 26,325 x 394,875 X Double-declining-balance method 3. What method yields the most depreciation over the four-year life of the equipment? All three depreciation methods v

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