C) Compute the amount for each of Years 1 through 3 using double-declining-balance method.

Depreciation For Year 1

Depreciation For Year 2

Depreciation For Year 3

I NEED HELP with B AND C show work

Marigold Company purchases equipment on January 1 , Year 1 , at a cost of $492,000. The asset is expected to have a service life of 12 years and a salvage value of $44,280. (a) Your answer is correct. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) Depreciation for Year 1$ Depreciation for Year 2$ Depreciation for Year 3$ (b) Your answer is incorrect. 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$ B) Sum of years digits Sum of years digits =1+2+3+4+5+6+7+8+9+10+11+12 =78 Depreciation For Year 1= Depreciable cost remaining life/ sum of years digit =78$492,00012=$75,692 DepreciationForYear2=78$492,00011=$69,385 Depreciation For Year 1=78$492,00010 =$63,077