Oriole Company purchases equipment on January 1, Year 1 at a cost of $588,000. The asset is expected to have a service life of 12 years and a salvage value of $52.920 (a) Compute the amount of depreciation for each of years through 3 using the straight-line depreciation method (Round answers to decimal places, e. 5.125. $ Depreciation for Your 1 Depreciation for Year 2 Depreciation for Your 3 $ $ Savo Attempts: 0 of 1 used SUMI