Cheyenne Company purchases equipment on January 1, Year 1, at a cost of $515,900. The asset is expected to have a service life of12years and a salvage value of $44,000.

1. Compute the amount of depreciation for (1)Year 1 (2)Year 2 and (3)Year 3 using the straight-line depreciation method
2. Compute the amount of depreciation for (1)Year 1 (2)Year 2 and (3)Year 3 using the sum-of-the-years'-digits method.
3. Compute the amount of depreciation for (1)Year 1 (2)Year 2 and (3)Year 3 using the double-declining-balance method.