Exercise 11-01 Vaughn Company purchases equipment on January 1, Year 1, at a cost of $558,000. 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 42315 42315 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 Depreciation for Year 2 Depreciation for Year 3 LINK TO TEXT 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, e.g. 15.84%. Round answers to o decimal places, e.g. 45,892.) $ Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3 $ LINK TO TEXT