Nash Company purchases equipment on January 1, Year 1, at a cost of $480,000. The asset is expected to have a service life of 12 years and a salvage value of $43,200. (a) Your answer is correct. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method, (Round answers to O decimal places, e.g. 5.125.) Depreciation for Year 1$ Depreciation for Year 2$ 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 \$ 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\% and final answers to 0 decimal places, eg. 45.892.) Depreciation for Year 1 \$ Depreciation for Year 2 \$ Depreciation for Year 3 \$