Deluxe Ezra Company purchases equipment on January 1, Year 1. The following information is provided concerning the acquisition. Cost of equipment $ 469,000 Estimated service life in years 12 Salvage value $ 40,000 Instructions: (a) Compute the amount of depreciation for each Years 1 through 3 using the straight-line depreciation method. Straight-line method depreciation for each of Years 1 through 3: Using Excel's SLN function: (b) Compute the amount of depreciation for each Years 1 through 3 using the sum-of-years digits depreciation method. Sum-of-years' digits = Year Fraction Cost Salvage Value Period Depreciation1 2 3 Using Excel's SYD function: Year 1 Year 2 Year 3 (c) Compute the amount of depreciation for each Years 1 through 3 using the double- declining balance method. (In performing your calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest dollar.) Double-declining balance method rate = Year Book Value Rate Period Depreciation1 2 3 Using Excel's DDB function: Year 1 Year 2 Year 3