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E11.1 (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

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E11.1 (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 deprecia- tion 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.)

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