Keyser Co. purchases equipment on January 1, Year 1 at a cost of $575,000. The equipment is expected to have a service life of 15 years or 40,000 hours and a salvage value of $5,000. Keyser Co.'s year end is December 31. 4. Compute the amount of depreciation for each of years 1-3 using the double declining balance method. The table provided below may be helpful but is not required. Round percentages to the nearest hundredth and amounts to nearest whole dollar. Total Beginning of year Depreciation Depreciation Accumulated End of year Year Book Value Rate Expense Depreciation Book Value 1 2 3 5 the