Comparing Three Depreciation Methods Newbirth Coatings Company purchased waterproofing equipment on January 2, 2013, for $532,000....

Comparing Three Depreciation Methods Newbirth Coatings Company purchased waterproofing equipment on January 2, 2013, for $532,000. The equipment was expected to have a useful life of four years, or 8,000 operating hours, and a residual value of $44,000. The equipment was used for 3,000 hours during 2013, 2,500 hours in 2014, 1,400 hours in 2015, and 1,100 hours in 2016. Required: 1. Determine the amount of depreciation expense for the years ended December 31, 2013, 2014, 2015, and 2016, by (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four 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-Output Method Double-Declining-Balance Method 2013 $ $ $ 2014 $ $ $ 2015 $ $ $ 2016 $ $ $ Total $ $ $ 2. What method yields the highest depreciation expense for 2015? 3. What method yields the most depreciation over the four-year life of the equipment?

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