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Skysong Company purchases equipment on January 1, Year 1, at a cost of $504,000. The asset is expected to have a service life of 12 years and a salvage value of $45,360. X Your answer is incorrect. 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 0 decimal places, e.g. 45,892.) Depreciation for Year 1 $ 76455 Depreciation for Year 2 63710 $ $ Depreciation for Year 3 53090