On January 2, 20x1, the Hanover Company purchased some office equipment for $35,000. The equipment is expected to have a useful life of five years and a salvage value of $5,000. Prepare a schedule showing the annual depreciation for each of the first three years of the asset's life under the straight-line method, the double declining-balance method, and the sum-of-the-years'-digits method. (Do not round intermediate calculations.) Straight Line Method Double Declining Balance Method Sum of the Years - Digits Method 20X1 20X2 20x3