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Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $1, 013, 040. The asset is expected to have a service
Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $1, 013, 040. The asset is expected to have a service life of 12 years and a salvage value of $86, 400. Compute the amount of depreciation for Years 1 through 3 using the straight ne depreciation method. (Round answer to decimal places, e.g. $45, 892.) Straight-line method depreciation Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method. (Round answers to o decimal places, e.g. $45, 892.) Depreciation for Year 1 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, e.g. 15.84%. Round answers to 0 decimal places, e.g. 45, 892.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3
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