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help! Skysong Company purchases equipment on January 1 , Year 1 , at a cost of $ 5 0 4 , 0 0 0 .

help! 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 263710 $ $ Depreciation for Year 353090

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