omparing Three Depreciation Methods Jaylander Coatings Company purchased waterproofing equipment on January 6 for $511,400. The equipment was expected to have a useful our years, or 9,200 operating hours, and a residual value of $42,200. The equipment was used for 3,500 hours during Year 1, 2,900 hours in 1,700 hours in Year 3, and 1,100 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-activity method, and (c) the double-declining balance method. Also determine the total depreciation expense for the fo 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 do Depreciation Expense Units-of-Activity Method Double-Declining Balance Method Year Straight-Line Method $ Year 1 117,300 S Year 2 117,300 5 Year 3 $ 117,300 $ 117,300 Year 4 469,200 Total 2. What method vields the highest depreciation expense for Year 17 Double declining balance method 3. What method vields the most depreciation over the four years of the equipment W