Sandhill Company purchases equipment on January 1, 2023, at a cost of $449,640. The asset is expected to have a service life of 12 years and a salvage value of $30,000. Calculate the amount of depreciation for each of 2023, 2024, and 2025 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, e.g. 15.25% and final answers to O decimal places, e.g. 5,275.) 2023 $ 2024 $ 2025 $ Depreciation