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, 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 $ Save for Later Attempts: 0 of 1 used Submit