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Current Attempt in Progress Metlock Company purchases equipment on January 1, Year 1, at a cost of $528,000. The asset is expected to have a
Current Attempt in Progress Metlock Company purchases equipment on January 1, Year 1, at a cost of $528,000. The asset is expected to have a service life of 12 years and a salvage value of $47,520. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to O decimal places, e.g. 5,125.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ eTextbook and Media 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 $ double-declining-balance method. (Round Compute the amount of depreciation for each of Years 1 through 3 using the depreciation rate to 2 decimal places, e.g. 15.84%. Round answers to O decimal places, e.g. 45,892.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $
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