Nash Company purchases equipment on January 1, Year 1, at a cost of $480,000. The asset is expected to have a servic life of 12 years and a salvage value of $43,200. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to O decimal places, es. 5.125.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3