Exercise 11-1 (Part Level Submission) Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $684,740. The asset is expected to have a service life of 12 years and a salvage value of $58,400. (a) Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answer to 0 decimal places, e.g. $45,892.)