Question 18 Teal Company purchases equipment on January 1, Year 1, at a cost of $520,590. The asset is expected to have a service life of 12 years and a salvage value of $44.400 Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to o decimal places, e.g. 5,125.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3 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 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 o decimal places, e.g. 45,892.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3 Question Attempts: 0 of 1 used