Practice Exercise 11-1 (Part Level Submission) Wildhorse Company purchases equipment on January 1, Year 1, at a cost of $261,000. The asset is expected to have a service life of 6 years and a salvage value of $20,000. (a) Your answer is incorrect. Try again. Compute the amount of depreciation for each of Years 1 and 2 using the straight-line depreciation method. Depreciation for Year 1 14460 Depreciation for Year 2 14460 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 3 of 3 used Compute the amount of depreciation for each of Years 1 and 2 using the sum-of-the-years'-digits method. Depreciation for Year 1 Depreciation for Year 2 s LINK TO TEXT Attempts: O of 3 used SAVE FOR LATERSUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above