Exercise 11-1 Sarasota Company purchases equipment on January 1, Year 1, at a cost of $539,350. The asset is expected to have a service life of 12 years and a salvage value of $46,000 Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to O decimal places, e.g. 5,125.) Depreciation for Year 1 s Depreciation for Year 2 Depreciation for Year 3 s 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 s Depreciation for Year 3 s LINK TO TEXT