Exercise 11-1 Sage Company purchases equipment on January 1, Year 1, at a cost of $586,250. The asset is expected to have a service life of 12 years and a salvage value of $50,000. Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) 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 sum-of-the-years'-digits method. Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $

Exercise 11-1 Sage Company purchases equipment on January 1, Year 1, at a cost of $586,250. The asset is expected to have a service life of 12 years and a salvage value of $50,000. Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.) 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 sum-of-the-years'-digits method. Depreciation for Year 1 & Depreciation for Year 25 Depreciation for Year 3 LINK TO TEXT