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Waylander Coatings Company purchased waterproofing equipment on January 6 for $ 4 7 9 , 6 0 0 . The equipment was expected to have

Waylander Coatings Company purchased waterproofing equipment on January 6 for $479,600. The equipment was expected to have a useful life of four years, or 10,000 operating hours, and a residual value of $39,600. The equipment was used for 3,800 hours during Year 1,3,100 hours in Year 2,1,800 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, 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 four years by each method.
Note: Round the answer for each year to the nearest whole dollar.
Depreciation Expense
Year Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method
Year 1 $fill in the blank 1
$fill in the blank 2
$fill in the blank 3
Year 2 $fill in the blank 4
$fill in the blank 5
$fill in the blank 6
Year 3 $fill in the blank 7
$fill in the blank 8
$fill in the blank 9
Year 4 $fill in the blank 10
$fill in the blank 11
$fill in the blank 12
Total $fill in the blank 13
$fill in the blank 14
$fill in the blank 15
2. What method yields the highest depreciation expense for Year 1?
3. What method yields the most depreciation over the four-year life of the equipment?

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