1 On January 2, 2019, the Hanover Company purchased some office equipment for $27,000. The equipment is expected to have a useful life of five years and a salvage value of $3,000. Prepare a schedule showing the annual depreciation for each of the first three years of the asset's life under the straight-line method, the double-declining-balance method, and the sum-of-the- years-digits method. (Do not round Intermediate calculations.) Straight-Line Method Double- Declining Balance Method Sum of the Years' Digits Method 2019 2020 2021