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Bramble Company purchases equipment on January 1, Year 1 , at a cost of $552,000. The asset is expected to have a service life of

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Bramble Company purchases equipment on January 1, Year 1 , at a cost of $552,000. The asset is expected to have a service life of 12 years and a salvage value of $49,680. Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years-digits method. Depreciation for Year 1$ Depreciation for Year 2$ Depreciation for Year 3

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