E11.1 (LO 1) (Depreciation ComputationsSL, SYD, DDB) 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.

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.)