D Question 13 3 pts using P 9-2B (p. 470) with the following changes Paid $360000 NOT $320000, useful life is 5 years NOT 4, and 25000 operating hours NOT 20000 straight line depreciation for year 1 is 71500 70000 720000 65000 Obj.2 6 for $320,000 ght hours, quring Year 1,6,400 LATE PR 9-2B Comparing three depreciation methods equipment on January 6 for $320 Waylander Coatings Company purchased waterproofing equip years, or 20,000 operating hou The equipment was expected to have a useful life of four years, and a residual value of $35,000. The equipment was us hours in Year 2, 4,400 hours in Year 3. and 2,000 hours in Year 4. Instructions 1. Determine the amount of depreciation expense for the pense for the years ended December 31, Year Year 2, Year 3, and Year 4, by (A) the straight-line method, (B) the units-of-activity metho and (C) the double-declining-balance method. Also determine the total depreciation expens for the four years by each method. The following columnar headings are suggested for recording the depreciation expense amounts: Depreciation Expense Straight- Units-of- Double-Declining- Balance Line Activity Year Method Method Method 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? AL