Exercise 11-01 Vaughn Company purchases equipment on January 1, Year 1, at a cost of 5550,000. The asset is expected to have a service life of 12 years and a salvage value of $50,220. 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.) 42315 Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 si 84630 126945 LINK TO TEXT Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years-digits method. Depreciation for Year 1 s Depreciation for Year 2 si Depreciation for Year 3 s LINK TO TEXT - DEN y Compute the amount of depreciation for each of Years 1 through 3 using the double declining balance method. (Round depreciation rate to 2 decimal places, ed. 15.84 Round answers to 0 decimal places, e.g. 45,892.) Depreciation for Year 1 s Depreciation for Year 2 Depreciation for Year 3 Click if you would like to Show Work for this question: Open Show Work TO TOT