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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

image text in transcribed 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 $40,000. (a) Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to O decimal places, e.g. 5,125.) Depreciation for Year 1$ Depreciation for Year 2$ Depreciation for Year 3 \$

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