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Waylander Coatings Company purchased waterproofing equipment on January 6 for $758,600. The equipment was expected...

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Waylander Coatings Company purchased waterproofing equipment on January 6 for $758,600. The equipment was expected to have a useful life of four years, or 8,000 operating hours, and a residual value of $62,600. 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 arnount of depreciation experise for the years ended December 31, Year 1 , Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-ofactivity method, and (c) the double-decining-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. 2. What method yields the highest deprecoatsen expense ror rear if 3. What method yields the most depreciation over the four-year iffe of the equipment

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