Alfredo Company purchased a new 3-D printer for $960,000. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in three years. At that point, Alfredo believes it will be able to sell the printer for $18,000. Calculate yearly depreciation using the doubledeclining-balance method. Round final answers to nearest whole dollar amount. Year 1$ Year 2$ Year 3X Feedback Check My Work The double-declining balance uses 'double' the straight-line rate for depreciation. The 'base' that is used to apply that rate is the book value of the asset (determined by subtracting the balance in the accumulated depreciation account from the original cost of the asset)