Marigold Company purchases equipment on January $1,$ Year $1,$ at a cost of $$492,000.$ The asset is expected to have a service life of $12$ years and a salvage value of $$44,280.$

$($a$)$

Your answer is incorrect.

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

Depreciation for Year $1,$$

Depreciation for Year $2$$

Depreciation for Year $3$$