Current Attempt in Progress 01:28:06 Concord Company purchases equipment on January 1, Year 1, at a cost of $498,000. The asset is expected to have a service life of 12 years and a salvage value of $44.820. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to decimal places, eg. 5,125.) Depreciation for Year 1 S Depreciation for Year 2 Depreciation for Year 3 S Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years digits method. Depreciation for Year 1 S Depreciation for Year 2 Depreciation for Year 3 $ Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, eg. 15.84%. Round answers to places, s. 45.892) MacBook Pro E S % A & Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method (Round depreciation rate to 2 decimal places, eg: 15.84. Round answers to decimal places, 3.45,892) Depreciation for Year 1 $ Depreciation for Year 2 Depreciation for Year 3 $ Attempts: 0 of 1 used Save for Later