Waylander Coatings Company purchased waterproofing equipment on January 6 for $281,600. The equipment was expected to have a useful life of four years, or 7,600 operating hours, and a residual value of $23,200. The equipment was used for 2,900 hours during Year 1,2,400 hours in Year 2,1,400 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 straight-line method, (b) Note: Round the answer for each year to the nearest whole dollar. 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