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, (a) Your answer is correct. 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 $ 45,045 Depreciation for Year 2 $ 45.045 Depreciation for Year 3 $ 45045 (b) 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 Depreciation for Year 3 $ $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answ (c) The parts of this question must be completed in order. This part will be available when you complete the part above