Question 2 View Policies Current Attempt in Progress Novak Company purchases equipment on January 1. Year 1, at a cost of $618,000. The asset is expected to have a service life of 12 years and a salvage value of $55,620. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to decimal places, eg. 5,125.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ e Textbook and Media 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 $ e Textbook and Media 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 decimal places.es 45,892.) Depreciation for Year 1 $ Depreciation for Year 2 Depreciation for Year 3 $ e Textbook and Media Save for Later Attempts: 0 of 4 used Submit