Kingbird Company purchases equipment on January 1, Year 1, at a cost of $594,000. The asset is expected to have a service life of 12 years and a salvage value of $53,460.

Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.)

Depreciation for Year 1=?

$enter a dollar amount rounded to 0 decimal places

Depreciation for Year 2=?

$enter a dollar amount rounded to 0 decimal places

Depreciation for Year 3=?

$enter a dollar amount rounded to 0 decimal places

Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method.

Depreciation for Year 1=?

$enter a dollar amount

Depreciation for Year 2=?

$enter a dollar amount

Depreciation for Year 3=?

$enter a dollar amount

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=?

$enter a dollar amount rounded to 0 decimal places

Depreciation for Year 2=?

$enter a dollar amount rounded to 0 decimal places

Depreciation for Year 3=?

$enter a dollar amount rounded to 0 decimal places