Other Book Comparing Three Depreciation Methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $668,800. The equipment was expected to have useful le of four years, or 10,400 operating hours, and a rendust value of $55,200. The equipment was used for 4,000 hours during Year 1, 3,200 hours in Year 2, 1,900 hours in Year 3, and 1,300 hours In Year 4. Required 1. Determine the amount of depreciation expense for the years ended December 31, Year 1 Year 2. Yene 3, and Year A, by (a) the straight-line method. (b) the units of activity method, and to the double-dedining-balance method. Alto determine the total depreciation expense for the four years by each method Note: Round the answer for each year to the nearest whole dollar Depreciation Expense Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method Year Year 1 Year 2 Year Year 4 Total 2. What method yields the highest depreciation expense for Year 1? 2. What method yields the most depreciation over the four year life of the equipment