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Marigold Company purchases equipment on January 1, Year 1, at a cost of $492,000. The asset is expected to have a service life of 12 years and a salvage value of $44,280. 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 37310 Depreciation for Year 2 37310 Depreciation for Year 3 37310 Your answer is partially correct. Try again. Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method. Depreciation for Year 1 68880 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%. Round answers to 0 decimal places, e.g. 45,892.) Depreciation for Year 1 Depreciation for Year 2 X Depreciation for Year 3