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Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $469,000. The asset is expected to have a service life

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Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $469,000. The asset is expected to have a service life of 12 years and a salvage value of $40,000. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to O decimal places, eg. 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.

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