Current Attempt in Progress Sheridan Ltd. purchases equipment on January 1, year 1, at a cost of 378,140. The asset is expected to have a service life of 12 years and a residual value of 36,500. 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, e.g. 15.84%. Round answers to 0 decimal places, e.g. 45,892.) Depreciation for Year 1 43,800 Depreciation for Year 2 43,800 Depreciation for Year 3 43,800 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit