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Waylander Coatings Company purchased waterproofing equipment on January $6$ for $$488,400.$ The equipment was expected to have a useful life of $4$ years, or $8,000$ operating hours, and a residual value of $$40,400.$ The equipment was used for $3,000$ hours during Year $1,2,500$ hours in Year $2,1,400$ 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 $4$ 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

Year Straight$-$Line

Method Units$-$of$-$Activity

Method Double$-$Declining$-$

Balance Method

Year $1$ $fill in the blank $1$

$376,400$

$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 $1?$

Double$-$declining$-$balance method

$3.$ What method yields the most depreciation over the $4-$year life of the equipment?

All three depreciation methods

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