. DULU LOL. PR 10-2B Comparing three depreciation methods OBJ. 2 Waylander Coatings Company purchased waterproofing equipment on Jany $320,000. The equipment was expected to have a useful life of four years, or 20. ng equipment on January 6 for erating hours, and a residual value of $35.000. The equinment was used for during Year 1, 6,400 hours in Year 2, 4,400 hours in Year 3, and 2,000 hours in Instructions 1. Determine the amount of depreciation expense for the years ended December 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units of method, and (c) the double-declining-balance method. Also determine the total dep ciation expense for the four years by each method. The following columnar heading are suggested for recording the depreciation expense amounts: Depreciation Expense Straight- Units-of- Double-Declining- Line Activity Balance Year Method Method Method 1 OF 1 Chapter 10 Long-Term Assets: Fixed and Intangible ! 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 equip PR 10-3B Depreciation by three methods; partial years