E$10\mathrm{.}1($LO $1)$ Excel $($Depreciation Computations$$SL$,$ SYD$,$ DDB$)$ Deluxe Ezra Company pur$-$chases equipment on January $1,$ Year $1,$ at a cost of $$469,000.$ The asset is expected to have a service life of $12$ years and a salvage value of $$40,000.$

Instructions

a$.$ Compute the amount of depreciation for each of Years $1$ through $3$ using the straight$-$line depreciation method.

b$.$ Compute the amount of depreciation for each of Years $1$ through $3$ using the sum$-$of$-$the$-$years$-$digits method.

c$.$ Compute the amount of depreciation for each of 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.$)$