of 12 years and a salvage value of $45.900. 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, s. 5,125.) Depreciation for Year 1 $ 38675 Depreciation for Year 2 $ 38875 Depreciation for Year 3 $ 38675 e Textbook and Media Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years-digits method. Depreciation for Year 1 $ 131815 Depreciation for Year 2 $ 110761 Depreciation for Year 3 $ 91538 eTextbook and Media X Your answer is incorrect 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, c.8. 15.84%. Round answers to 0 decimal places, e.8. 45,892.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ Current Attempt in Progress Sheridan Company purchases equipment on January 1, Year 1, at a cost of $510,000. The asset is expected to have a service life of 12 years and a salvage value of $45,900. 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 $ 38675 Depreciation for Year 2 38675 Depreciation for Year 3 $ 38675