Sandhill Company purchases equipment on January 1,2023, at a cost of $422,480. The asset is expected to have a service life of 12 years and a salvage value of $20,000. (a) Calculate the amount of depreciation for each of 2023,2024 , and 2025 using the straight-line depreciation method. Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above